Fri. Mar 29th, 2024
ftcash

India’s fastest growing financial technology venture, ftcash has raised an undisclosed amount of funding from venture capital firms IvyCap Ventures and 500 Startups. The startup will be utilizing the funds in developing products and to make product more resourceful in the payment and loan categories, scaling annual transactions and disbursing loans to merchants. ftcash also stated the plans in the coming years, they’ll use the funds to implement its expansion plans and scale up operations in Mumbai, Surat, Jaipur and Pune. With its innovative business model and unique idea, ftcash is acehiving high targets and is one of the most promising companies in the Indian Fintech market. They are constantly increase its rate and maintaining a reasonable amount of growth rate of 30-40%.

Mumbai based financial institution company accepts all payment methods including credit/debit cards, net banking, various mobile wallets, UPI and PayPal are about to create an open architecture based platform for merchants to initiate digital payments, so that public don’t have to travel all the way to banks for small transactions. Initially, the company deals with the merchants, young entrepreneurs and large corporates. ftcash provides both payments and loans for merchants and allows them to repay loans directly through the platform, without travelling for miles.

Sanjeev Chandak, Co-founder and CEO, ftcash, mentioned that “Our business model finds its synergies in payments and loans together as a unified tool to serve and engage with small merchants. However, we have only just scratched the surface as far as capitalizing market opportunities is concerned. We are thankful to IvyCap Ventures and 500 Startups whose faith in our vision will take us a step closer to achieving our goals, now we can finally expand the business and provide services to more people. Their support will enable us to further accelerate our business operations and set the stage for ftcash to establish itself as an undisputed leader in the high-growth fintech market.”

An innovative startup leveraging technology to bring about market disruption and providing insight to make digital payments and to aware more people about it. It’s safe and time saving feature. ftcash is backed by PayPal and has previously won several awards and recognitions across the globe for its differentiated approach and for its unique idea.