Capital Float, a Bengalaru, India-based online lending platform for businesses, raised $25m in Series B funding.
The round was led by Creation Investments with participation from existing investors SAIF Partners, Sequoia Capital, and Aspada.
The company intends to use the funds to continue to expand operations.
Founded in 2013 by Sashank Rishyasringa and Gaurav Hinduja, Capital Float is a digital finance company providing working capital finance to businesses looking to grow their customer base, purchase inventory, or manage cash flows.
Borrowers can apply online in minutes and receive funds within 3 days.