What is Capital First?
Capital First Limited, listed on the NSE and BSE, is a prominent Indian financial institution specializing in debt financing for Micro, Small, and Medium Enterprises (MSMEs) and consumers across India. Following a strategic management buyout in 2012, backed by Warburg Pincus, the company pivoted to a retail-focused model. It has since demonstrated substantial market capitalization growth, from $121 million in 2012 to $0.94 billion by June 2018. Capital First leverages a differentiated, technology-driven model with deep analytics to serve the unbanked and under-penetrated segments of the Indian market. As of September 30, 2018, the company had financed over 7.0 million customers, built loan assets of $4.47 billion, with 91% in the Consumer & MSME financing space. Maintaining high asset quality with Gross and Net NPAs of 1.62% and 1.00% respectively (as of June 30, 2018), and holding the highest long-term credit rating of AAA, Capital First is built on strong ethical foundations and corporate governance.
How much funding has Capital First raised?
Capital First has raised a total of $12M across 1 funding round:
Debt
$12M
Debt (2016): $12M, investors not publicly disclosed
What's next for Capital First?
The substantial enterprise-level funding and recent strategic investment signal Capital First's intent to further expand its reach and deepen its penetration within India's MSME and consumer financing markets. The company's focus on leveraging new technologies and advanced analytics positions it for continued innovation in providing financial solutions to underserved segments. With a proven track record of growth, robust asset quality, and a strong credit rating, Capital First is poised to capitalize on the significant opportunity presented by India's emerging middle class and its vast MSME sector, likely pursuing further scaling of its differentiated lending models.
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