Progcap is a financial service company that provides financial opportunities for micro and small businesses.
Progcap is a financial service company that provides financial opportunities for micro and small businesses. It also uses a mix of technology and its unique delivery model to underwrite credit and thus provide the underbanked semi-urban and rural retailers in India access to flexible, collateral-free working capital. The company also offers finance and supply chain-based solutions for micro and small enterprises.The lending platform risk models these businesses using non-traditional ecosystem data creating credit scores for customers. The company's mission is to empower these customers by providing them affordable and timely credit leveraging world-class technology.Progcap was founded in 2017 and is headquartered in New Delhi, Delhi, India.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 17, 2022 | Series C | ₹4B | 1 | — | — | Detail |
Jun 27, 2022 | Series C | $40M | 1 | Venture Catalysts | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Venture Catalysts | Yes | Series C |
9Unicorns Accelerator Fund | — | Series C |