Progcap Fintech Looks Beyond Lending, Eyes SaaS

Revenue from the SaaS and embedded credit vertical is likely to be 10-15% over the next two to three years

- Mansi Verma

Progcap, a fintech company focused on small businesses, is setting up a new vertical that will digitize their supply chains and offer them on-the-spot credit.

It is building a full-stack software-as-a-service (SaaS) platform for brands, distributors and retailers, expanding from pure-play lending into embedded finance as a second revenue source, co-founders Pallavi Shrivastava and Himanshu Chandra told Mint.