FlexiLoans.com, a prominent digital lending NBFC in India focused on Micro, Small, and Medium-sized Enterprises (MSMEs), successfully secured Rs 290 crore in its Series C funding round. The investment was made by global and domestic investors, including Accion, Nuveen, Fundamentum, and existing investor Maj Invest, with Unitus Capital acting as the exclusive advisor for the transaction. This financial boost will enable FlexiLoans to scale up its operations, introduce new product offerings, and strengthen its technological capabilities in order to better serve the MSME sector in India, contributing to financial inclusion and economic growth in underserved areas.
In its efforts to bridge the financial inclusion gap for MSMEs, especially in tier-2 and tier-3 cities where access to traditional financial institution loans is limited, FlexiLoans aims to cater to the growing demand for MSME financing in line with India's expanding economy. The company has a track record of disbursing over Rs 7,000 crore in loans spanning across more than 2,100 towns and cities, managing assets worth Rs 2,000 crore. Operating digitally without physical branches, FlexiLoans reaches over 15,000 pin codes and maintains an annual disbursement run rate exceeding ₹4,000 crore, serving a user base of more than 1.5 million registered users.
In response to the Series C funding round, Deepak Jain, Co-founder of FlexiLoans, expressed enthusiasm for securing investment from reputable global private equity funds that align with the company's vision to empower MSMEs nationwide. With a total funding of Rs 636 crore in equity and Rs 2,000 crore in debt received to date, FlexiLoans is poised to continue its mission of fostering financial inclusion, expanding its reach, and enabling more underserved MSME businesses to access the necessary funds for growth and success.