About Bridge2capital
Bridge2capital is a Financial Services company based in Delhi (India) founded in 2017 by Nishant Singh and Mohammed Riaz, and was acquired by IIFL Fintech Fund in September 2023. It operates as an online platform for inventory financing. Bridge2capital has raised $1.62 million across 5 funding rounds from investors including Kaizer Siraj, Bharat Inclusion Initiative and IIFL Fintech Fund. The company has 45 employees. Bridge2capital was last valued at $8.28 million in May 2021. Its Indian entity Xtracap Fintech India Private Limited reported revenue of ₹33 Lakh. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans.
Company details
Bridge2capital was founded in 2017 in Delhi, India, as an online platform in the financial services sector focused on inventory financing. A line of credit is extended against customer-purchased inventory, with payments disbursed directly to suppliers. Daily interest is applied from the invoice payment date based on the utilized credit amount. Repayments are accepted through banks on daily or weekly schedules.
- Headquarters Delhi, India
- Employees 45
- Founders Nishant Singh, Mohammed Riaz
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website bridge2capital.com
- Social LinkedIn X Facebook YouTube
- Acquired by IIFL Fintech Fund (Sep 2023)
- Legal Name Xtracap Fintech India Private Limited
- Date of Incorporation 25 May, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹33 Lakh
FY 2023 · +120% YoY
- Net Loss-₹2.53 Cr
FY 2023 · -767% margin
- EBITDA-₹1.71 Cr
FY 2023 · -518% margin
- Total Equity Funding$1.62M (USD)
in 5 rounds
- Latest Funding Round$201.84K (USD), Angel Round
May 2021
- InvestorsBharat Inclusion Initiative
& 2 more
- Employee Count45
- Acquired byIIFL Fintech Fund
(Sep 2023)
Associated legal entities of Bridge2capital
Bridge2capital operates through Xtracap Fintech India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xtracap Fintech India Private Limited CIN U72900DL2017PTC318226 | Active | 25 May 2017 | New Delhi, Delhi | ₹0.3 Cr | 45 | 3 | View details |
Apps and channels of Bridge2capital
Bridge2capital publishes 2 mobile apps with over 51K+ downloads; its YouTube channel Bridge2Capital has 324 subscribers and 30 videos.
Videos from Bridge2capital
The most watched videos on Bridge2capital's YouTube channel, Bridge2Capital (324 subscribers). Click a video to play it here.
More on Bridge2Capital.
Funding Insights of Bridge2capital
Bridge2capital has successfully raised a total of $1.62M across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $201.84 thousand completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.62M
- Total Rounds 5
- Last Round Angel Round — $201,842
- Investors Count 2
All 5 funding rounds of Bridge2capital with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $201,842 | Angel Round | $8.28M | Kaizer Siraj | – |
| May 2020 | $1M | Angel Round | – | – | – |
| May 2019 | $415,830 | Angel Round | $5M | Kaizer Siraj | – |
| Apr 2019 | – | Seed | – | Bharat Inclusion Initiative | – |
| Oct 2018 | – | Debt – Conventional | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $8.28M | •••••••• |
| May 2019 | $5M | •••••••• |
Last known valuation $8.28M (May 2021). 3 investors in total: 2 institutional and 1 angel.
Investors in Bridge2capital
Bridge2capital has secured backing from 3 investors, including angel and venture fund investors. Prominent investors backing the company include Kaizer Siraj, Bharat Inclusion Initiative and IIFL Fintech Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups across sectors are accelerated through targeted support initiatives. | – | bharatinclusion.ciie.co | Ahmedabad, India | |
Early-stage investments in fintech are targeted by IIFL Fintech Fund. | – | iiflfintechfund.tcc.mode | - | |
KS Kaizer Siraj | - | – | unknown_f14b575f42b249a8b | - |
Investor details for Bridge2capital
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Xtracap Fintech India Private Limited (Bridge2capital)
Xtracap Fintech India Private Limited is the primary company behind Bridge2capital. The board of Xtracap Fintech India Private Limited currently have 3 directors; the longest-serving is Riaz Mohammed, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Riaz Mohammed DIN 06466959 | Director | 25 May 2017 | 9 yrs 4 mo | Xtracap Fintech India Private Limited |
| Govind Chandak DIN 10336044 | Nominee Director | 27 Sep 2023 | 3 yrs | Xtracap Fintech India Private Limited |
| Nitin Verma DIN 10336059 | Director | 26 Oct 2023 | 2 yrs 11 mo | Xtracap Fintech India Private Limited |
People of Bridge2capital
2 people are tracked at Bridge2capital (2 in leadership); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
Nishant Singh | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Bridge2capital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Bridge2capital
Figures of Xtracap Fintech India Private Limited, the primary company behind Bridge2capital, for FY 2023. Revenue was ₹33 Lakh (+120% year on year). Net loss was -₹2.53 Cr (-767% margin). EBITDA was -₹1.71 Cr (-518% margin). Revenue has grown at a compounded annual rate of -24% over three years and +60% over five years.
- ₹33 LakhRevenue · FY 2023 · +120% YoY
- -₹2.53 CrNet loss · -767% margin
- -₹1.71 CrEBITDA · -518% margin
- ₹2.01 CrPaid-up capital
- 45Employees (provident fund records)
- -24%Revenue CAGR, 3 years
- +60%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Xtracap Fintech India Private Limited are on its company page.
Detailed financial statements for Bridge2capital
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Bridge2capital
5 dated milestones of Bridge2capital across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Bridge2capital is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $202K.
- Exit Acquired by IIFL Fintech Fund.
Top companies in Alternative Lending
10 companies that operate in the same segment as Bridge2capital (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Bridge2capital
Complete news archive for Bridge2capital
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Frequently Asked Questions about Bridge2capital
Bridge2capital was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Bridge2capital is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Bridge2capital is a funded company, having raised a total of $1.62M across 5 funding rounds to date.
Bridge2capital has 45 employees.
The primary company behind Bridge2capital, Xtracap Fintech India Private Limited, reported revenue of ₹33 Lakh for FY 2023, up 120% year on year.
Bridge2capital was founded in 2017 in Delhi, India, as an online platform in the financial services sector focused on inventory financing. A line of credit is extended against customer-purchased inventory, with payments disbursed directly to suppliers. Daily interest is applied from the invoice payment date based on the utilized credit amount. Repayments are accepted through banks on daily or weekly schedules.
Bridge2capital has 3 investors. Key investors include Kaizer Siraj, Bharat Inclusion Initiative, and IIFL Fintech Fund.
The valuation of Bridge2capital is $8.28M as of May 2021.
Bridge2capital operates through Xtracap Fintech India Private Limited.
Yes. Bridge2capital was acquired by IIFL Fintech Fund in September 2023.
The legal entities of Bridge2capital currently have 3 directors, including Govind Chandak, Nitin Verma, Riaz Mohammed.
Yes. Bridge2capital publishes Bridge2Capital: Business Loan and 1 more app, with over 51,000 downloads.