ftcash raises Rs 50 crore in Series A

Fintech startup ftcash has raised Rs 50 crore in Series-A round led by global non-profit Accion and the Dutch development bank FMO with participation from existing investor IvyCap Ventures.

Mumbai-based ftcash provides cash to merchants, and will use the funds raised for product development and expand into new geographies. “By using transaction data for credit assessment and leveraging repayments from the ftcash payments platform, ftcash is pioneering a model that can reach 60+ million  ..

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