Tap Capital, a fintech platform transforming modern debt financing and working capital solutions for Indian businesses, has announced plans to deploy ₹2,000 crore in FY26. This goal follows a successful FY25, during which the company disbursed ₹900 crore across its core SME financing products.
Founded by Nishchay Nath, Soumya Kushwaha (both IIM Ahmedabad alumni), and Himanshu Chowdhary (IIT Kharagpur), Tap Capital is reshaping MSME access to capital by offering fast, digital, and structured credit through its proprietary technology-driven lending infrastructure.
“In FY25, we validated our thesis: there is a vast, underserved demand for working capital and structured debt among high-quality SMEs,” said Nishchay Nath, Founder & CEO.
“Our ability to deploy ₹900 crore through efficient origination and distribution demonstrates the strength of our platform. With the partnerships we’ve forged and the demand we’re witnessing, ₹2,000 crore in FY26 is both achievable and a strategic leap,” he added.
Strategic Partnerships Driving Scale
Tap Capital’s FY26 expansion is supported by strategic collaborations, including partnerships with one of India’s leading NBFCs. These alliances enhance Tap’s ability to grow responsibly, sustain strong credit quality, and expand into new sectors and geographies.
Through a fully digital, embedded-finance approach, Tap Capital is bridging India’s ₹25 lakh crore MSME credit gap — an area long underserved by traditional banks and lenders. As India’s economy accelerates, the need for structured debt and working capital is set to rise sharply, positioning Tap Capital at the forefront of this financial shift.
ultra: Investments for the Next-Gen Investor
On the retail investor side, the Tap Group also operates ultra, a fixed income investments platform redefining how India’s emerging wealth class builds long-term returns.
ultra provides curated, institutional-grade offerings including Invoice Discounting, Asset Leasing, Fractional Real Estate, Private Equity, Pre-IPOs, and Commodities like gold and silver.
With high-yield fixed income options, full transparency, and seamless digital onboarding, ultra delivers access to investment opportunities once reserved for institutions. In FY25, several ultra products achieved record-high IRRs, far exceeding traditional public-market returns, making it one of India’s most attractive platforms for wealth creation.
Among its standout products is Invoice Discounting, enabling investors to purchase invoices from blue-chip-backed businesses. With tenures as short as 30–90 days and predictable payouts, this offering provides liquidity and confidence, ideal for investors seeking short-term fixed income exposure with minimal volatility.
Another core product, Asset Leasing, allows individuals to co-own income-generating assets such as medical equipment, electronics, and office infrastructure leased to corporates. This generates steady monthly cash flows, serving as a reliable fixed income tool with real-world utility and low correlation to public market cycles.
Building a Financial Engine for Growth
As a group, Tap Capital is creating a comprehensive financial engine serving both sides of the economy — delivering structured credit to underbanked SMEs while unlocking high-quality fixed income investments for retail investors. By combining institutional-grade opportunities with innovative technology, Tap is quietly and efficiently reshaping the future of credit and wealth in India, and doing so at scale.