Ascend Capital

Ascend Capital

Provider of a lending-as-a-service platform

Founded

2018

Headquarters

Jaipur (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91-8741092723

Ascend Capital is a Jaipur-based FinTech company and a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) under the name 'Ascend Bizcap Private Limited'. The company was founded in 2015 with the vision of revolutionizing the automotive loan industry. Ascend Capital is one of the first movers in the electric commercial vehicle financing space, working towards a sustainable future in India's EV mobility finance industry.

Business Model

Ascend Capital aims to revolutionize the automotive loan industry by leveraging technology and innovative financial solutions. The company utilizes data analytics and machine learning to assess creditworthiness and offer personalized loan options. Ascend Capital provides flexible and tailor-made loans to help businesses grow exponentially.

Products and Services

  • Electric Vehicle Financing.

  • Automotive Loans.

  • Personal Loans.

  • Business Loans.

  • Investment Opportunities.

Mission

Ascend Capital's mission is to provide innovative financial solutions that empower individuals and businesses to achieve their goals. They strive to make the process of obtaining an automotive loan simple, transparent, and efficient.

Key People

Gaurav Maheshwari

Lokesh Chandra

Key Metrics

Total Equity Funding

$6.02Million

No. of Funding Rounds

1

Latest Funding Round

$6.0Million, Series A

as of February 7, 2024

Post Money Valuation

$12Million

as of October 29, 2024

Funding Multiple

-

as of N/A

Investors

Info Edge Ventures

and 6 more

Employee Count

83

Similar Companies

Drip Capital

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
February 7, 2024 Series A$6.0Million$12.0Million$1.6Million- Info Edge Ventures, Asha

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