Capital First
Capital First was a non-banking financial institution based in Mumbai, India, that specialized in providing debt financing to micro, small, and medium enterprises (MSMEs) and Indian consumers. Founded in 2010, the company transitioned from wholesale financing and asset management to a retail-focused model under the leadership of Mr. Vaidyanathan, who secured equity backing from Warburg Pincus. Capital First developed innovative financing solutions tailored for underbanked segments, leveraging new technologies and deep analytics. By 2018, it had financed over 7 million customers and built substantial loan assets primarily in the consumer and MSME sectors. The firm maintained a strong asset quality, with low non-performing asset ratios, and held a top-tier long-term credit rating. In December 2018, Capital First merged with IDFC Bank, forming IDFC First Bank, thereby expanding its reach and capabilities in the financial sector.
5 past transactions
Village Financial Services
Corporate Round in 2018
Village Financial Services Ltd. is a microfinance institution based in Kolkata, India, that primarily provides microloan products to women for income-generating activities. Established in 1994 and initially known as Village Micro Credit Services, the company commenced its microfinance operations in the 2005-2006 financial year. Registered as a non-banking financial company-microfinance institution under the Reserve Bank of India, Village Financial Services aims to empower women by offering them access to credit, thereby promoting economic self-sufficiency. The company has positively impacted the lives of many individuals from underprivileged backgrounds, contributing to improvements in their standard of living and societal status.
SMECorner
Debt Financing in 2018
SMECorner is an Indian financial services firm established in 2014, headquartered in Mumbai. It specializes in providing swift access to business loans for micro, small, and medium enterprises (MSMEs) through its online platform. The company combines machine learning, data science, and artificial intelligence to evaluate loan applications, using both traditional and alternative data sources. SMECorner offers two primary products: unsecured business loans and loans against property, aiming to bridge India's SME lending gap.
SMECorner
Seed Round in 2018
SMECorner is an Indian financial services firm established in 2014, headquartered in Mumbai. It specializes in providing swift access to business loans for micro, small, and medium enterprises (MSMEs) through its online platform. The company combines machine learning, data science, and artificial intelligence to evaluate loan applications, using both traditional and alternative data sources. SMECorner offers two primary products: unsecured business loans and loans against property, aiming to bridge India's SME lending gap.
SV Creditline
Debt Financing in 2017
SV Creditline is a non banking finance company that helps and gives startups easy access to credit for their income generation endeavors. The company uplifts to its vision of building a professionally managed and sustainable micro-finance institution. The range of products and services that they offer includes small credit for income generating activities and other financial products such as life insurance. These products help low-income households to improve their financial status and provide financial security.
Slonkit
Funding Round in 2017
Slonkit & Sienna Systems Resources Private Limited is a Mumbai-based company that offers prepaid card services through its product, Slonkit. Established in 2010, Slonkit provides a reloadable prepaid card designed for children and young individuals, which is integrated with a mobile application. This service enables parents to allocate monthly allowances, transfer small amounts of money instantly, and set budgets for their children. Users can analyze spending patterns across various categories, receive alerts, and establish daily spending limits. By focusing on the management of pocket money, Slonkit aims to transform the financial habits of families, making it easier for parents and children to navigate personal finance together.
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