Founded in 2017, Progcap envisions broadening financial opportunities for micro, small and medium businesses in the last miles.
Working at the intersection of software and financial services, our aim is to be the first full-stack retailer-focused digital bank that digitizes, automates and eases capital movement across the supply chain to SMBs that have remained excluded from the formal financial ecosystem. In a very short span of time, we have built one of the most capital-efficient fintech businesses with strong growth and outstanding portfolio quality. Over the next two years, we aim to impact over 5 million SMBs. With our array of innovative and specialised fintech products, we aspire to transform the ‘Fintech for Retailers’ scenario for the USD 800 billion-worth Indian Retail Industry.
I found Progcap to be very beneficial for my business. Earlier during the festival season, we used to face a stock shortage because our distributor used to hesitate in increasing our credit. With Progcap we are able to stock up properly during the festive season.
I found the decision of using Progcap for my business to be great overall. Their system functions smoothly, and it is a good base to help us grow our business. As a customer, our experience has been great with the user-friendly mobile app and their cooperative staff.
I am on good business terms with Progcap. The team is extremely helpful. Their service has helped increase my business - my dealer points have increased and my collections have become faster. This Diwali, I wouldn’t have been able to run my business well, if I didn’t have their finance facility. Thank you Progcap.
Progcap is not just a financing partner but our growth partner. It helps empower our retailers and distributors in this competitive digital age. With added liquidity retailers are able to stock more leading to high over-the-counter sales. The best part is their swift onboarding process. Our distributors and retailers love Progcap’s service and there is constant inbound demand from them.
I have been a happy customer of Progcap for almost 3 years now. In the last three years our retailers were dependent heavily on their own working capital and CC accounts backed by their own securities. With Progcap coming in , our retailers could get channel finance based on their transaction history with us. Progcap's program turned finance into profits for our retailers.
I’ve noticed that earlier we couldn’t build up our stock in our network. But that’s possible now because of Progcap. We had to pay a lot of outstanding amounts to our network due to less credit, which has now reduced to a great extent.