Progcap, a SME-focused fintech company, has received investment from Google in a new Series C round. The original $40 million raise grew to $70 million with additional participation from Tiger Global, Creation Investments, and Sequoia Capital India. Progcap aims to be operationally profitable in the coming months. Progcap goes on to say the proceeds will be used for product development and support current expansion efforts.
Google Joins Progcap As New Investor in its $40M Round