Progcap is a mission-driven, inclusive financing technology company dedicated to solving millions of micro and small businesses at the last minute by providing affordable, customized financing and digitizing their supply chains. The transformational impact of miles. Progcap uses hybrid technology and its unique delivery model to underwrite credit to provide India’s semi-capital, semi-urban and rural retailers with flexible collateral free working capital. Progcap recently raised $40 million in a Series C funding round co-led by Creation Investments and Tiger Global Management. New investor Google and existing backer Sequoia Capital India also participated in the round. The latest financing brings its valuation to $600 million.
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