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India
2017 (9 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Progcap
Company Information
Get to know Progcap
Founded in 2017, Progcap is a mission-driven financial technology company dedicated to empowering underserved micro, small, and medium-sized enterprises (MSMEs) in India. The company has developed a unique end-to-end supply chain financing platform that offers flexible, collateral-free working capital loans. By leveraging a proprietary credit scoring model and technology-driven processes, Progcap assesses the creditworthiness of businesses within their supply chain ecosystems, making credit more accessible and efficient for last-mile retailers who are often excluded from traditional financial services.
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