Infinity Fincorp Secures $40M Funding to Expand Microloan Offerings

Mumbai-based Infinity Fincorp Solutions has successfully raised $40 million in an extended Series A funding round, led by Beams Fintech Fund, to bolster its microloan offerings for small businesses in tier-3 towns. The company's loan portfolio exceeds Rs 1,100 crore, and the new capital infusion will enhance its capital adequacy to 50%, well above the regulatory requirement of 15%. Infinity Fincorp focuses on providing loans ranging from Rs 3 lakh to Rs 5 lakh to underserved micro-entrepreneurs, including tea shop owners and vegetable vendors. The micro-LAP segment is projected to grow at a CAGR of 15-20% over the next decade, presenting a significant opportunity for the company. With a presence across 127 branches in eight states, Infinity is positioned for further growth in the burgeoning microfinance sector. This funding round follows a previous raise of $35 million, highlighting investor confidence in the firm's potential within the Indian fintech landscape.