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FlexiLoans Raises INR 290 Crore Series C Funding in India

FlexiLoans, a leading digital lending Non-Banking Financial Company (NBFC) focused on India's Micro, Small, and Medium Enterprises (MSMEs), has secured INR 290 crore in its Series C funding round. This significant investment demonstrates the growing confidence in India's fintech sector and its potential to empower small businesses.

• The funding round was led by global and domestic investors, including Accion, Nuveen, Fundamentum, and existing investor Maj Invest, with Unitus Capital serving as the exclusive advisor to the transaction.
• This latest equity raise brings FlexiLoans' total funding to INR 636 crore, alongside over INR 2,000 crore in debt funding.

Expanding Reach and Empowering MSMEs in India

The fresh capital will enable FlexiLoans to expand its operations, enhance product offerings, and strengthen its technological infrastructure. The company's mission is to fuel the growth of MSMEs across India by driving financial inclusion and unlocking economic opportunities for small businesses.

• FlexiLoans aims to expand its reach to more underserved MSMEs in India, particularly in Tier II and Tier III cities.
• The company plans to introduce new and innovative lending products to cater to the diverse needs of small businesses.
• FlexiLoans will invest in its technology platform to further enhance its digital lending capabilities and provide a seamless customer experience.

FlexiLoans' Digital Lending Model in India

Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans has built a digital-first approach to lending, offering term loans (ranging from INR 2 lakh to INR 25 lakh) and supply chain finance (limits ranging from INR 25 lakh to INR 10 crore) to small businesses. The company operates through a 100% digital origination model, serving over 15,000 pin codes without physical branches.

• FlexiLoans leverages technology to streamline the lending process, making it faster, easier, and more accessible for MSMEs.
• The company's digital platform enables it to reach a wider customer base, including businesses in remote areas of India.
• FlexiLoans' data-driven approach allows it to assess creditworthiness efficiently and provide personalized lending solutions.

Strategic Partnerships and Impact in India

A significant portion of FlexiLoans' success comes from its strategic partnerships with major e-commerce and payment platforms, such as Flipkart, Amazon, Paytm, and PhonePe. Through these partnerships, FlexiLoans reaches over 10 million SMEs and provides access to customised credit solutions.

• FlexiLoans' partnerships enable it to tap into a vast network of small businesses across India.
• The company leverages its partners' insights to develop innovative lending solutions tailored to the specific needs of MSMEs in different sectors.
• These partnerships enhance FlexiLoans' ability to drive financial inclusion and empower small businesses in India.

Driving Financial Inclusion and Growth in India

FlexiLoans' commitment to financial inclusion and its innovative digital lending model are playing a crucial role in supporting the growth of India's MSME sector. The company's continued success and the recent funding round highlight the potential of fintech in driving economic development in India.

• FlexiLoans is bridging the financing gap for MSMEs in India, providing them with access to the working capital they need to grow and thrive.
• The company's focus on digital lending is transforming the financial landscape in India, making it more accessible and inclusive for small businesses.
• FlexiLoans' impact extends beyond providing financing; it empowers MSMEs to create jobs, contribute to the economy, and drive innovation.

FlexiLoans' Growth Trajectory in India

FlexiLoans is poised for further growth, with expected disbursements of INR 5,100 crore in FY25. The company's vision to empower MSMEs in India, coupled with its strong digital lending platform and strategic partnerships, positions it for continued success in the years to come.