Digital lending platform FlexiLoans has raised ₹375 crore (roughly $45 million) in an prolonged Sequence C funding spherical, as the corporate appears to scale its lending operations and strengthen its expertise capabilities.
The recent funding got here from a mixture of fairness and debt sources. Main Indian and worldwide traders participated within the spherical, together with Caravel Group, Sagun Jain Household Workplace, and different present backers.
This new spherical brings the entire capital raised by FlexiLoans to over ₹1,200 crore since its inception.
Give attention to MSME Lending
Based in 2016, FlexiLoans supplies fast, collateral-free loans to micro, small, and medium enterprises (MSMEs) by way of its digital platform. The corporate makes use of AI-driven credit score fashions and knowledge analytics to evaluate borrower threat and disburse loans effectively.
In line with the corporate, it has disbursed loans to over 2 lakh MSMEs throughout 2,000+ cities in India. The newest funds might be used to develop product choices, increase buyer acquisition, and improve its lending expertise.
Robust Financials and Future Plans
FlexiLoans has been worthwhile on the EBITDA stage for the final six quarters, exhibiting sturdy monetary self-discipline in a aggressive fintech house. The corporate additionally reported over 100% year-on-year development in mortgage disbursements.
With this new funding, FlexiLoans plans to enhance its partnerships with NBFCs, banks, and fintech gamers to achieve extra underserved companies throughout the nation.
The startup continues to faucet into India’s rising demand for digital credit score options, particularly within the MSME sector, which stays underpenetrated by conventional lenders.
