FlexiLoans Raises Rs 375 Crore Series C to Expand MSME Lending

FlexiLoans, a digital lending platform focused on India's underserved MSME sector, has raised Rs 375 crore in a Series C funding round led by existing investors Fundamentum, Accion Digital Transformation Fund, Nuveen, and Maj Invest, with new participation from British International Investment (BII). This latest infusion follows a Rs 290 crore investment in September 2024, bringing the total capital raised to Rs 665 crore in the last six months. The funding mix includes primary equity to support operational expansion and secondary transactions to provide liquidity to early investors. Founded in 2016, FlexiLoans offers fast, accessible credit products primarily to MSMEs in Tier II and Tier III cities, leveraging a fully digital platform and partnerships with over 25 lending institutions and 150 strategic allies across various sectors. The company has disbursed over Rs 10,000 crore in loans across more than 2,100 towns and cities, with a reported asset under management of Rs 2,300 crore and an 83% CAGR growth projected through FY25. The fresh capital will be used to scale operations, enhance product offerings, and strengthen technology infrastructure, furthering FlexiLoans' mission to drive financial inclusion and economic opportunities for small businesses across India.