Progcap Risk Report

🛡️ Financial & Liquidity

Progcap is actively working towards bolstering its financial position, as evidenced by noteworthy developments and expansions in its operations. The company is making strides in increasing its asset under management (AUM) and revenue. Crossing Rs 150 crore in revenue for FY24 marks a significant achievement, suggesting robust growth. They seem to be on a path of sustainable financial growth despite challenging conditions.

• Progcap reported crossing Rs 150 crore in revenue for FY24, 🗓 February 24, 2025.
• Progcap announced plans to target Rs 30 billion AUM by FY26 due to increased MSME credit demand, 🗓 June 24, 2025.

⚖️ Legal & Regulatory

Progcap faces certain challenges related to legal and regulatory aspects, primarily focusing on ensuring compliance and preventing regulatory penalties. There have been no reported incidents of significant legal or regulatory sanctions, indicating a stable compliance environment at present.

• Regulatory compliance risks were managed without incident, as inferred from the absence of major legal issues to date.

📜 Innovation & R&D

Progcap is fostering innovation, particularly in catering to underserved segments like women-led MSMEs, which aligns with its aim to empower these businesses through unique financing solutions. Initiatives like Progshakti demonstrate a commitment to harnessing innovation for social impact.

• Progcap launched the initiative, Progshakti, to empower 10,000 women-led MSMEs in India by FY27, 🗓 March 10, 2025.

🏅 Awards & Recognition

Although there are no recent awards and recognitions reported for Progcap, the company has received substantial backing from reputed investors like Google and Tiger Global. This backing signifies industry acknowledgment of Progcap’s potential and credibility in the fintech space.

• Google backed Progcap in its funding activities including a significant $40 million series C round, 🗓 June 28, 2022.