Monday, April 23, 2018

Amazon Backs Capital Float In $22M Funding

Seattle-based Amazon.com has made a $22M investment in Indian unsecured lending service Capital Float, as an extension to an earlier, announced Series C funding, Capital Float said on Monday. Capital Float offers up unsecured consumer loans in the country of India, to purchasers on e-commerce sites. Capital Float's Series C funding--announced last August--also included Ribbit Partners, SAIF Partners, Sequoia India, and Creation Investments.