oCap Management acquired a 25% stake in GoCapital.

Singapore's oCap Management, a technology-driven provider of financing solutions, acquired a 25% stake in GoCapital, an India-based short-term loans provider, in a bid to enter the Indian market. Financial terms were not disclosed. Carlos Haeuser, Chief Executive Officer of oCap, said, “In line with our overseas expansion plans, we are pleased to have identified an ideal platform and partner in GoCapital, which complements oCap’s value proposition in addressing the needs of a market largely underserved by traditional lending systems. As we scale our operations in the region, we continue to be the go-to business partner that provides capital responsibly to enable growth and unlock potential for businesses.”