• Supermoney is a digital platform that provides working capital solutions to businesses by offering customized payment and finance solutions designed specifically for their supply chain.
• The funds raised will be utilized to accelerate the platform’s growth and expand disbursements. 
• Currently, Supermoney operates in 40+ locations and has 30K+ retailers/dealers, 50+ anchors, and more than 500 distributors across India.

Mumbai, June 19, 2024: Supermoney, an SME-focused digital lending platform that provides working capital solutions to businesses, has raised $3.4 million (INR 28.6 Crores) in Series A funding from Capital 2B and Capria Ventures. 

This latest investment round will propel Supermoney’s growth trajectory as the company aims to increase disbursement volume and leverage technology to optimize operations.

Founded in 2018, Supermoney has established partnerships with major brands across sectors such as electronics, pharmaceuticals, steel, auto parts, and automotive. The company customizes supply chain finance solutions for its enterprise partners.

Amit Behl, Partner at Capital 2B, said, “Business in India works on credit, and as the economy powers to $5 trillion-plus, supply chain financing shall continue to see innovation and digitisation. In Nikhil, Zafar, and Sapna, the team at Supermoney has the right blend of finance and technology experience to build not only a scalable supply chain financing platform but also a retail intelligence platform that assists manufacturers and brands with a deeper understanding of business happening at the last mile”. 

Surya Mantha, Managing Partner, Capria Ventures, said, “The Supermoney team has demonstrated excellent execution with impressive growth despite operating in a fragmented market. We are pleased to have Capital 2B join us as partners in this journey. Supermoney is poised for exponential growth in the coming years, leveraging technology to unlock a massive market opportunity and tackle the credit financing problem plaguing millions of small businesses across the country.” 

Nikhil Banerjee, Co-Founder & Director, Supermoney, said, “We are thrilled about securing this investment as it marks a pivotal moment in our journey. We’re seizing an $800-billion domestic market opportunity, which has so far been underserved by traditional banks and NBFCs. By partnering with industry leaders, our aim is to reach 500,000 MSMEs within the next 2 years and drive invoicing volumes in excess of $5 billion on the platform.”

Zafar Imam, Co-Founder & Director, Supermoney, “This investment will also facilitate the expansion of our insights engine for strategic enterprise partners. While we are already serving over 30,000 customers, we believe we’ve barely scratched the surface and just begun to tap into the potential, with more growth ahead of us. We want to expand our reach and fuel the growth of both our employees and channel partners for mutual success and prosperity.”

Operating in 40+ locations, Supermoney has 30K+ retailers/dealers, 50+ anchors & more than 500 distributors across India on the platform.

You can read more about why we invested in Supermoney here.