Team Startupcity

• Rs 375 crore Series C round led by global and domestic investors including BII, Nuveen, and Fundamentum.
• Total funding reaches Rs 665 crore in 6 months; aims to scale tech, products, and operations.
• Rs 10,000+ Cr disbursed across 2,100+ towns; 66% loans in Tier 2/3 cities, with 3-year profitability streak.

 FlexiLoans, a top online lending NBFC targeting MSMEs, has raised Rs 375 crore in its recent Series C funding round. This comes on the back of an earlier infusion of Rs 290 crore in September 2024, taking the total capital raised during the last six months to Rs 665 crore.

The new round featured commitments from current global and local investors, such as Fundamentum, Accion Digital Transformation Fund, Nuveen, and Maj Invest, as well as new investor British International Investment (BII), the UK government's development finance institution. The investments comprise both primary equity to fund growth efforts by the company as well as secondary trades to create liquidity for early investors.

The capital raised will be utilized by FlexiLoans to deepen its penetration, enhance its digital lending platform, expand its product bouquet, and ramp its tech infrastructure. The three-year-old company was started in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia. It aims to fill the gap in financing for under-banked MSMEs, especially in Tier 2 and Tier 3 cities, by providing quick, data-driven credit access.

The fintech platform boasts that it has the ability to sanction loans in 48 hours using alternative data and has formed over 150 partnerships in industries like e-commerce, payments, and foodtech. Leveraging over 25 lending partners and its own tech stack, FlexiLoans provides tailor-made credit solutions to a broad base of small and medium businesses, extending financial inclusion to the entire nation.

So far, FlexiLoans has disbursed over Rs 10,000 crore to 2,100+ towns and cities, and the active AUM stands at over Rs 2,300 crore. The company has achieved an impressive 83% CAGR from FY22 to FY25, financing over 50,000 MSMEs via over 1.7 lakh loans. Most importantly, 66% of disbursements have been to non-metro businesses, and over 10% of its book is comprised of loans to female entrepreneurs. FlexiLoans has also been profitable in the last three consecutive years.