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Via.com ties up with Capital Float for collateral-free loans


Over 5,000 travel agents listed on Via.com can now avail collateral-free working capital loans up to Rs 25 lakh. Via.com has partnered with Capital Float, an online lending platform and will distribute loans across 5 cities in India. Travel agents can apply for customized loan packages using Capital Float’s ‘Pay Later’ product accessible via app and website.

The extra working capital will allow travel agents in tier-2 and tier-3 cities to undertake more bulk-bookings which they usually won’t be able to afford during peak season time, according to Capital Float.

Agents can also avail pre-determined loans and make multiple drawdowns based on their credit rating. Monthly/quarterly payments against loans can be paid using online transactions. Interest is charged only on the drawdowns and not the entire credit facility.

Capital Float has similar partnerships with ShopClues, Flipkart and Snapdeal. Vendors selling on these ecommerce portals can avail loan facility at lower interest rates and without any collateral which could be sanctioned under 24 hours. In March last year, Snapdeal said that it distributed over Rs 50 crore in working capital loans to 150 online vendors through tie ups with lending platform like Capital float, NBFCs, banks, etc.

YES Bank, Capital Float partnership for UPI

In September, the lending platform had partnered with YES Bank as a lending partner in order to build an ecosystem for the Unified Payments Interface (UPI) for YES Bank. Capital Float said that it would be using the bank’s UPI mechanism to collect payments from their SME borrowers and disburse loans.

Capital Float funding

The Bangalore-based digital SME finance company has raised over $41 million in the last couple of years: it raised $25 million in a series B round of funding from Creation Investments Capital Management, SAIF Partners, Sequoia India, and Aspada. Last year, it raised $13 million in a round of funding from multiple investors.


Some notable competitors in the online lending space include Lendingkart which raised $32 million in June, It has tie ups with CCAvenuePaytmCraftsvilla and Flipkart to provide financial assistance for merchants on these platforms. CreditMantri which raised $2.5 million in June 2015 aggregates loans from multiple banks, and also provides EMI cost reduction techniques for borrowers. Deal4loans and Bankbazaar also aggregates, markets and facilitate the sale of loan products and credit offerings

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ