The Amazon-backed buy now, pay later service has raised more capital to meet a rising demand for its services.

India-based online consumer lender Capital Float, which already counts e-commerce and cloud computing group Amazon as a backer, has raked in $50m in equity funding, The Economic Times reported yesterday.

Sequoia Capital India filled out the round alongside Ribbit Capital, Creation Investments and angel investors David Vélez, Kunal Shah and Amrish Rau. It followed $15m in equity funding from Amazon, SAIF Partners, Ribbit Capital and Sequoia India in April 2020.

Founded in 2013, Capital Float operates a buy now,…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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