FinTech Startup ftcash Raises Rs 50 Cr from Accion, FMO and IvyCap Ventures
3 May 2019 11:36 AM GMT
FinTech Startup ftcash Raises Rs 50 Cr from Accion FMO and IvyCap Ventures
- ftcash's new round of funding will be used to accelerate product development and expand into new geographies.
- "Our investment in ftcash represents an opportunity for Accion to continue its work helping financial services platforms leverage partnerships, technology and data to increase financial inclusion for micro merchants in India," said Radhika Shroff, Deputy Chief Investment Officer of Accion Global Investments.
- We look forward to working closely with the new partners to scale the company to its new heights," said Vikram Gupta, Founder & Managing Partner, IvyCap Ventures.
- In addition to the investment, Accion is providing advisory services to help ftcash scale its current business and develop new product lines and business models.