ftcash is a Mumbai-based fintech that provides merchant cash advances to informal micro merchants using a proprietary algorithm. It analyzes payments and alternative data to originate loans and deducts collections directly from merchants' digital payments. The product matches merchants' digital cash flows to credit due dates to increase on-time loan payments. Incubated by PayPal and selected for Mastercard StartPath, the company has delivered financial services to over 30,000 merchants. ftcash plans to use new funding to accelerate product development and expand into new geographies. FTCash is an India-based mobile payments platform serving micro merchants. The article identifies the company's core product as a mobile payments solution for micro merchants. FTCash has raised Rs 1 crore (approximately $150,000) in a pre-Series A funding round. The round was led by IvyCap Ventures. The article does not disclose operating metrics such as revenue or user numbers, nor does it detail the company's plans or use of proceeds. No other investors, past rounds, founding year, or additional financial terms are mentioned in the article.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

May 2019