FlexiLoans Expands MSME Lending with ₹290 Crore Series C Fun

FlexiLoans.com, a leading MSME-focused digital lending NBFC, has raised ₹290 crore in its Series C funding round. This was led by marquee global and domestic investors such as Accion, Nuveen, and Fundamentum. It also saw the participation of the existing investor, Maj Invest. Unitus Capital played the exclusive advisor to the transaction.

Expansion Plans and Tech Enhancement

FlexiLoans will use the newly raised capital to scale up operations, increase product offerings, and build technology infrastructure. Plans are in place to enhance support for MSMEs throughout India, but more importantly in underserved regions. FlexiLoans strives to bridge the financial inclusion gap that will help MSMEs, most of which face a problem in gaining access to traditional financial institutions, especially in tier-2 and tier-3 cities.

Deepak Jain, Co-founder of FlexiLoans, said, "We are excited about this Series C round from global blue chip private equity funds that echo our vision to empower MSMEs across the country. With this capital, we will further drive our mission of ensuring financial inclusion and scale our reach to help more under-served MSME businesses."

Addressing MSME Funding Needs

The largely underserved MSME sector accounts for nearly 30% of the country's GDP, while less than 10% of MSMEs access any kind of loan from mainstream financial institutions. FlexiLoans has taken this solution a notch higher by digitally offering hassle-free credit access to over 15,000 pin codes with no physical branches. So far, it has disbursed over ₹7,000 crore loans across over 2,100 towns and cities, with AUM crossing ₹2,000 crore.
FlexiLoans will make further scale-up in the number of customers while scaling up its technology platform with need-based financial offerings for MSMEs.

Inputs by Agencies

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