A fintech company, Efficient Capital Labs, has secured $7 million in a pre-Series A investment round that was led by QED Investors. Other investors, including Generalist, 645 Ventures, The Fund, Lorimer Ventures, Riverside Ventures, and QED, also participated.
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The company intends to use the capital secured to improve unit economics, increase automation, and grow its engineering, product, underwriting, sales, and operations teams, as reported by Entrepreneur.com
“Our vision is to enable border-agnostic access to capital for businesses in emerging markets, such as India, that can benefit from lower capital costs that are available in markets such as the U.S. Our value proposition is unmatched, we offer the most capital- and time-efficient solution for SaaS businesses looking to raise growth capital. The latest fundraise allows us to continue innovating for the customers who we serve,” said Kaustav Das, co-founder.
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“Indian SaaS companies are known for innovative and specialist software solutions, and their growth in selling to the U.S. represents a new era of entrepreneurship and global collaboration. By providing non-dilutive capital to these companies, ECL empowers the founders to build for the long term and drive innovation and growth. Kaustav and Manish are a formidable team. I am thrilled to partner with them and I look forward to what the future holds,” said Sandeep Patil, partner and head of Asia, QED Investors.
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About Efficient Capital Labs
Efficient Capital Labs, a fintech company with headquarters in New York, was started in 2022 by Kaustav Das and Manish Arora. It offers non-dilutive capital to B2B SaaS businesses operating in the South Asia-US corridor, that is, businesses that make the majority of their sales in the US or Canada while keeping a sizable portion of their tech, manufacturing, and operations teams in South Asia.
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