FlexiLoans.com, India’s leading MSME-focused digital lending NBFC, proudly announces a successful equity raise of ₹290 crores in its Series C funding round. The round was led by prominent global and domestic investors Accion, Nuveen, Fundamentum, and existing investor Maj Invest.
The firm will use the fresh capital to expand its operations, enhance its product offerings, and strengthen its technological infrastructure. This capital infusion will empower the firm to further its mission of fuelling the growth of Micro, Small and Medium-sized Enterprises (MSMEs) across India, driving financial inclusion, and unlocking new economic opportunities.
Till date, FlexiLoans has disbursed over ₹7,000 crore in loans across more than 2,100 towns & cities and boasts of over INR 2,000 crore in AUM.
With over ₹7,000+ crores disbursed to date, FlexiLoans has been a trailblazer in India’s digital lending space since its founding in 2016. Operating in over 1,500+ cities and towns, it has successfully reached underserved markets, enabling small businesses across tier 2 and 3 cities to receive loan approvals in as little as 48 hours by leveraging alternative data sources from e-commerce and payment platforms.
This digital-first approach has democratized access to financial resources for millions of micro and small entrepreneurs who lack conventional credit history and are typically excluded from traditional lending systems. Through its own books and integrations with 20+ lenders via its in-house tech platform, Flexiloans has been able to design innovative and customised credit products and underwrite loans for a larger and diverse range of MSMEs and SMB customers while at the same time maximising capital supply.
Speaking on the Series C funding round, Deepak Jain, Co-founder, FlexiLoans, said: “We are pleased to have secured ₹290 crores in our Series C round from such global blue-chip private equity funds who resonate with our vision to empower MSMEs across India. With this capital, we will further our mission of driving financial inclusion, expanding our reach, enabling more underserved MSME businesses to access the funds they need to grow and succeed”.