FTCash: ftcash raises $7.2 million to lend to India's "micro-merchants"

ImpactAlpha, May 6 - Mumbai-based ftcash is supporting digital and financial inclusion for India's 60 million small merchants, most of whom lack access to formal financial services. The company has raised 500 million rupees ($7.2 million) in a Series A equity round backed by Accion, Dutch development bank FMO and Indian venture capital firm IvyCap Ventures. Ftcash'sThe post ftcash raises $7.2 million to lend to India's "micro-merchants" appeared first on ImpactAlpha.