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Progcap

Fintech · New Delhi, India · Founded 2017

Progcap, also known as Desiderata Impact Ventures Private Limited, is a fintech startup that is transforming the financial landscape for underserved segments of the Indian retail economy. The company provides specialized financing and technology products that enable small and medium businesses (SMBs) to overcome financial barriers and grow. Progcap operates in the Indian market, primarily serving SMBs that have traditionally struggled to access financial services. The company's business model revolves around digitizing supply chains and facilitating access to finance for last-mile retailers. This includes services like credit provision, payment processing, and business management, among others. The company generates revenue by charging fees for its financial services. This includes interest on loans provided to SMBs and transaction fees for payment processing services. Progcap has been recognized for its innovative approach and impact, winning several awards including the Gold Winner in the SME Financier of the Year - Asia category at the Global SME Finance Awards 2023, and the Fintech Rising Star of the Year at IFTA 2022. The company's founder, Pallavi Shrivastava, has also been awarded as the Women Leader in Fintech at IFTA 2022 and the Entrepreneur of the Year (Innovation in Financial Services) at the Entrepreneur Awards 2022. Keywords: Fintech, Small and Medium Businesses, Financial Services, Credit Provision, Payment Processing, Business Management, Supply Chain Digitization, Last-Mile Retailers, Indian Market, Financial Inclusion.