MSME-focused digital lending platform FlexiLoans has secured Rs 375 crore in its Series C funding round led by global and domestic investors, Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest, and British International Investment (BII), the UK’s development finance institution, according to release.
The investment comprised both primary equity to fuel operational expansion and secondary transactions to facilitate liquidity for existing investors, release added.
The Mumbai-based NBFC-fintech firm plans to use the fresh capital to expand operations, enhance product offerings, and strengthen technology infrastructure.
Prior to this, the company raised Rs 290 crore infusion in September 2024. The company raised capital from Sanjay and Falguni Nayar, MAJ invest, Fasanara capital along with other prominent family offices of erstwhile bankers, release added.
“With a total of Rs 665 crore raised over the past six months, we are well-positioned to accelerate our growth and deepen our impact,” Deepak Jain, co-founder, Flexiloans was quoted saying in a release.
According to the release, the company has so far received total funding of Rs 746 crore in equity and over Rs 2,000 crore in debt.
Till date, the firm has disbursed over Rs 10,000 crore in loans across over 2,100 towns and cities, with an asset under management (AUM) of over Rs 2,300 crore and 83 percent CAGR growth (FY22–FY25), release said.
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