Capital Float, a financial tech startup that wants to make it easier for small businesses in India to get loans, has raised a $13 million Series A led by SAIF Partners and Sequoia Capital. Existing investor Aspada also returned for the round. Founded in 2013 and based in Bangalore with offices in New Delhi and Mumbai, Capital Float has raised a total of $17 million to date, all within the past twelve months. Capital Float will use its Series A to expand into more cities, improve its tech platform, and launch new products.

http://techcrunch.com/2015/02/10/capital-float-series-a/#tmhmdj:RIs