CapitalSetu, an ambitious start-up in the burgeoning financial technology industry, has reportedly raised £350,000 in its seed round.
As a hub for small and medium-sized manufacturing firms, it leverages top-of-the-line technology to offer unique financial solutions in India.
The investment was led by Real Time Angel Fund, with participation from a roster of high-profile investors such as Ashish Kacholia, Vikas Khemani, Rajat Mehta, and Sunaina Bhattacharya among others, according to a report from Indian Startup News.
What makes CapitalSetu stand out is its intuitive and flexible approach to financial services. Founded by entrepreneurial duo Pankaj Goel and Ayushi Gupta, CapitalSetu uses its state-of-the-art platform to simplify supply chain financing for MSME and Non-MSME Corporates.
This latest injection of funds is earmarked for the creation of new technology products specifically designed for businesses. Over the next 12 months, CapitalSetu plans to expand its team with the addition of key hires, all the while growing its share in the market.
This funding round comes at a crucial time, with India’s supply chain financing sector witnessing a meteoric rise. Businesses and individuals are increasingly seeking out user-friendly financial solutions, and CapitalSetu is well-positioned to meet this growing demand.
CapitalSetu’s Founder and CEO, Pankaj Goel, conveyed his enthusiasm about the successful funding round, “We are thrilled to have secured this seed funding round, which is a significant milestone for us.” He further highlighted their customer-focused approach, adding, “Given that every business is unique, we take the time to understand our customers’ needs and goals.”
The CEO of Real Time Angel Fund, Pranay Mathur, also shared his thoughts on the investment, “CapitalSetu is a dynamic and innovative company that is developing new-age technology solutions to help businesses grow their business by making more finance available to them.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
