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.

Nihal Desai

Executive Director and Chief Risk Officer

Ashok Shinkar

Corporate Centre Head and CFO

4 past transactions

Village Financial Services Ltd.

Corporate Round in 2018
Village Financial Services Ltd. is a microfinance institution based in Kolkata, India, operating as a non-banking financial company-microfinance institution (NBFC-MFI) under the Reserve Bank of India. Established in 1994 and having commenced microfinance operations in 2005-2006, the company primarily provides microloan products to women, enabling them to engage in income-generating activities. By offering financial services to underprivileged and marginalized communities, Village Financial Services aims to foster economic self-sufficiency and empower women, thereby enhancing their social status and improving the overall quality of life for them and their families.

SMECorner

Seed Round in 2018
SMEcorner is a financial lending firm that focuses on providing quick access to business loans to micro, small, and medium enterprises. The companys mission is to fill India's SME lending gap with the use of an online platform that combines machine learning, data science, and artificial intelligence. SME owners can fund their business through their 2 different products which are the unsecured business loans and loan against property. SMEcorner's lending process is based on a combination of traditional and new alternate data, with strong use of decision science. SMEcorner was founded in 2014 and is headquartered in Mumbai, Maharashtra, India.

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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