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Progcap Aims for $45M Equity Boost in FY28 Funding Round

Progcap Aims for $45M Equity Boost in FY28 Funding Round

Home/News/Progcap Aims for $45M Equity Boost in FY28 Funding Round

The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers. The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of Rs 10 lakh.

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Tags:#fintech#msme-lending#equity-funding#startup-growth

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