Impact Micro Ventures, mPokket to get $50,000 each from VilCap

BENGALURU: Two early stage financial health startups, Impact Micro Ventures and mPokket, will receive offers of $50,000 each, from VilCap, the venture capital fund affiliated with Village Capital, with support from PayPal, BlackRock and FMO.

A total of 11 fintech startups completed in the three-month programme of Village Capital. Bengaluru-based Impact Micro Ventures uses big data to help un-banked microenterprises access financing and improve their cash flow.

Kolkata-based mPokket provides microloans via a mobile app.