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Tiger Global and Sequoia lead $25 Mn Series B round in fintech startup Progcap

Shortpedia

Content Team
Image Credit: shortpedia

Fintech startup Progcap, which facilitates debt capital for underserved micro and small businesses, has scooped up $25 million as part of its Series B investment led by Tiger Global and existing investor Sequoia Capital India. In a statement on Monday, the company said that it will utilise these funds to expand its brand presence across existing geographies, scale up its team and diversify into new product offerings.