Series C infusion of ₹375 Cr
- MSME-focused NBFC and fintech player FlexiLoans closed an extended Series C round of ₹375 crore led by existing investors Fundamentum, Accion Digital Transformation, Nuveen, and Maj Invest, with British International Investment (BII) joining as a new backer
Cumulative funding crosses ₹665 Cr
- This latest round follows a ₹290 crore infusion in September 2024, taking total equity raised in six months to ₹665 crore
Primary and secondary capital structure
- The funding comprised primary equity for growth and secondary transactions to offer liquidity for early backers
Founders & strategic investors
- Founded in 2016 by Deepak Jain, Manish Lunia, and Ritesh Jain, the company now counts Nandan Nilekani’s Fundamentum and global development financier BII among its key investors
Deployment of funds
- Fresh capital is earmarked for expanding operations across underserved MSME markets, enhancing digital lending capabilities, introducing new credit products, and upgrading technology
Strong financial performance
- FlexiLoans has disbursed over ₹10,000 crore in loans across 2,100+ towns, holds an AUM of ₹2,300+ crore, and reports an 83% CAGR from FY 2022 to FY 2025
- The company has been profitable for three straight years; in FY 2024, it recorded ₹263 crore revenue and a ₹3 crore profit
Growth ambitions and future outlook
- FlexiLoans is targeting an AUM of ₹3,500–4,000 crore by FY 2026 and plans to enter secured lending and insurance distribution following potential IRDAI licensing