FlexiLoans.com, among the many main digital financing non-banking financial corporations (NBFC) focused on MSMEs, has truly elevated Rs 290 crore in its Series C financing spherical. The spherical was led by worldwide and residential financiers consisting of Accion, Nuveen, and Fundamentum, with present financier Maj Invest likewise getting concerned. Unitus Capital functioned because the particular guide for the deal.
The lately elevated funds will definitely be utilized by FlexiLoans to extend its procedures, enhance merchandise choices, and improve its technical framework. The agency intends to maintain the event of Micro, Small, and Medium- sized Enterprises (MSMEs) all through India, resolving the financial incorporation void and opening monetary possibilities in underserved areas.
Prior to this spherical, the agency bought monetary investments from Sanjay and Falguni Nayar, Fasanara Capital, and varied different noticeable members of the family workplaces.
India’s MSME area, including about 30% to the nation’s GDP, stays underserved, with a lot lower than 10% of MSMEs having accessibility to standard banks financings. FlexiLoans intends to hyperlink this void, particularly in tier-2 and tier-3 cities, the place accessibility to cash is further restricted. As want for MSME funding stays to increase with India’s rising financial scenario, FlexiLoans sees substantial possibilities prematurely.
According to the agency, FlexiLoans has truly paid out over Rs 7,000 crore in financings all through larger than 2,100 communities and cities, with properties beneath administration (AUM) going past Rs 2,000 crore. The agency runs in over 15,000 pin codes through digital networks, with out bodily branches, and has a yearly dispensation run worth of over 4,000 crore, providing larger than 1.5 million signed up people.
Speaking on the Series C financing spherical, Deepak Jain, Co- creator, FlexiLoans, acknowledged: “We are pleased to have secured 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”.
Till day, FlexiLoans has truly obtained an entire financing of Rs 636 crore in fairness and Rs 2,000 crore within the pink.
