Progcap

company

About

Progcap is a financial service company that provides financial opportunities for micro and small businesses.

  • 101 - 250

Details

Last Funding Type
Series C
Last Funding Money Raised
$40M
Industries
Enterprise,Finance,Financial Services,FinTech
Founded date
Jan 1, 2017
Number Of Employee
101 - 250
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$40M ₹4B
Progcap has raised a total of $40M ₹4B in funding over 2 rounds. Their latest funding was raised on Oct 17, 2022 from a Series C round.
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

Investors

Number of Lead Investors
Number of Investors
1
2
Progcap is funded by 2 investors. Venture Catalysts and 9Unicorns Accelerator Fund are the most recent investors.
Investor Name Lead Investor Funding Round
Venture Catalysts Yes Series C
9Unicorns Accelerator Fund Series C