Supermoney raised INR 28.6 Cr ($3.4 Mn) in a Series A funding round from Capital 2B and Capria Ventures to expand operations and increase loan disbursements.

Jun 19, 2024•over 1 year ago

Amount Raised

$3.4 Million

Round Type

series a

MumbaiFinancial Services

Investors

Capria VenturesCapital 2 B

Description

Supermoney, a digital platform offering working capital solutions, has raised INR 28.6 Cr ($3.4 Mn) in a Series A funding round from Capital 2B and Capria Ventures. The fresh funds will be used to expand Supermoney’s operations and increase loan disbursements. Supermoney operates in over 40 locations, partnering with more than 30,000 retailers and dealers.

Company Information

Company

Supermoney

Location

Mumbai, Maharashtra, India

About

Supermoney is a trustworthy digital working capital platform for large medium & small businesses. We collaborate with renowned brands in industries such as steel, automotive and auto parts, batteries, tyres, electronics, consumer goods, FMCG, pharmaceuticals to provide tailored payments and finance solutions for their supply chain ecosystem. Our product line includes Supply Chain Finance, Working Capital Term Loan Working Capital Demand Loan, Merchant Loan (Kirana Loans) and Purchase Invoice Discount. Supermoney has its own NBFC, and we also work with large banks/NBFCs to serve our target consumers.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns