Progcap’s Operating Revenue Shoots Up 4.5X In FY22

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Progcap is a technology-enabled supply chain finance company that provides financial solutions to small and medium-sized enterprises (SMEs) in India. The company’s mission is to help SMEs access affordable financing and build sustainable businesses, while also providing investors with attractive returns on their investments.

In the fiscal year 2021-22, Progcap’s operating revenue increased by 4.5 times compared to the previous year. This growth was driven by the company’s expansion into new markets, the addition of new products and services, and the increasing demand for its supply chain finance solutions among SMEs.

Progcap’s supply chain finance solutions help SMEs overcome working capital constraints by providing them with access to short-term credit at competitive rates. The company’s proprietary technology platform, which uses machine learning and artificial intelligence algorithms to analyze credit risk, allows it to provide financing to SMEs that are traditionally underserved by banks and other financial institutions.

In addition to its supply chain finance solutions, Progcap also offers a range of other financial products and services to SMEs, including invoice discounting, inventory financing, and receivables financing. The company’s focus on providing affordable and accessible financing solutions to SMEs has helped it to become a leading player in the Indian supply chain finance market.

Overall, Progcap’s strong growth in operating revenue in FY22 is a testament to the company’s commitment to helping SMEs access affordable financing and build sustainable businesses. As the demand for supply chain finance solutions continues to grow in India and other emerging markets, Progcap is well-positioned to continue its rapid expansion and help even more SMEs achieve their financial goals.