NBFC Firm FlexiLoans Secures Rs 290 Cr In Series C Round

 FlexiLoans.com, MSME-focused digital lending NBFC, declared an equity raise of Rs 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 fueling the growth of micro, amall and medium-sized enterprises (MSMEs) across India, driving financial inclusion, and unlocking new economic opportunities, as per the press release.

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”.  

Founded in 2016, by Deepak Jain, Ritesh Jain, and Manish Lunia; the company said that India’s SME sector, which contributes about 30 per cent to the country’s GDP, remains significantly underserved. Less than 10 per cent of MSMEs have access to loans from traditional financial institutions, leaving a vast capital gap. The firm aims to bridge this gap, particularly in tier 2 and tier 3 cities where access to finance is limited. As the Indian economy continues to expand, the demand for MSME financing will only increase, presenting a substantial opportunity for FlexiLoans. Till date, FlexiLoans claimed to disbursed over ₹7,000 crore in loans across more than 2,100 towns & cities and boasts of over Rs 2,000 crore in AUM.

Nethra Bhat, Partner, Asia, Accion Digital Transformation, said: “FlexiLoans is connecting MSMEs across India to working capital so they can better serve their customers. They understand the Indian digital MSME space and their customer’s needs, and have a strong tech platform. We’re excited to lead this round of equity investment to support their growth.”