Capital Float crosses Rs 2,000 cr financing
Additionally, Capital Float's Walnut app surpassed the 500,000 active customers mark and has seen considerable traction for consumer credit, personal financial management and insurance.
New Delhi: Buy now pay later credit platform Capital Float on Tuesday said financing through its platform has crossed over Rs 2,000 crore by March 2021. Capital Float said it has ended FY21 on a high note, crossing 20 lakh (2 million) lifetime customers– a four times increase from March 2020, it said.
“It has now financed over Rs 2,000 crore worth of consumer purchases through its Buy-Now-Pay-Later (BNPL) model till-date, making it the fastest growing BNPL platform in India,” it said in a release. Additionally, Capital Float’s Walnut app surpassed the 500,000 active customers mark and has seen considerable traction for consumer credit, personal financial management and insurance.
During the last quarter March’21, company’s BNPL disbursals grew by 220 per cent from a year ago period and in March alone it financed over a million transactions. The company also raised Rs 150 crore in debt in Q4 FY20. Capital Float ended FY21 at a monthly disbursal run rate of Rs 140 crore and an net NPA of 1.56 per cent. The company has been adding over 150,000 customers every month.
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