Fintech major Capital Float said it has raised $50 million in an equity funding round led by Lightrock India.
The lending platform has been expanding its buy-now-pay-later operations, and now counts as one of the country's leading players in the space.
New investors such as David Velez, Founder of Nubank, Latin America's largest fintech firm; Cred founder Kunal Shah; and Amrish Rau, CEO of Pine Labs, also invested in the startup's latest round.
Capital Float said it will use the funds to scale its BNPL platform, and expand its partner ecosystem.
