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Bangalore, India based online lender Capital Float has raised $2.53m in Series C funding led by IFMR Capital. Founded in 2013, Capital Float is an online lending platform that provides working capital loans for start-ups, manufacturers and e-commerce merchants.
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The new financing will enable the company to fulfil the working capital requirements of SMEs; for both repeat borrowers from its existing customer base and for new customer acquisition.
http://www.fundingsmes.com/fundingsmes-com/capital-float-raises-2-53m
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