Lending start-up Ftcash has raised ₹50 crore in a Series A round led by two new investors — Dutch development finance institution FMO, and Accion International, a US-based non-profit investor focused on fintech start-ups — a senior executive told ‘Mint’.

Its existing investor, homegrown venture capital fund IvyCap Ventures, also participated in the round. It last raised an undisclosed amount in its pre-series A round in June 2017 from IvyCap and 500 Startups, a Silicon Valley-based early-stage venture capital fund.