Flexiloans Raises Rs 3.75 Bn in Series C to Expand MSME Lending

16 Jun 2025 CW Team

Digital lending platform Flexiloans has secured Rs 3.75 billion in its Series C funding round, aimed at scaling operations and strengthening access to credit for micro, small, and medium enterprises (MSMEs) across India.

The round saw participation from existing investors Fundamentum, Accion Digital Transformation, Nuveen, and Maj Invest, alongside new investor British International Investment (BII), the UK’s development finance institution. This follows a Rs 2.90 billion raise in September 2024, taking the company’s total fundraising to Rs 6.65 billion within six months.

Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, Flexiloans offers a digital-first approach to MSME lending, leveraging technology and alternative data for rapid loan approvals. The company has disbursed over Rs 100 billion across 2,100 cities and towns, with 66 per cent of its loan book concentrated in Tier II and III locations. More than 10 per cent of its loans have supported women entrepreneurs.

The platform has remained profitable for the last three years and currently manages assets worth over Rs 23 billion. From FY22 to FY25, it reported a compound annual growth rate (CAGR) of 83 per cent.

The Series C funding includes both primary equity to support expansion and secondary transactions offering partial exits to early backers. The funds will be utilised to enhance product offerings, including secured and short-term working capital loans, and to further invest in technology infrastructure.

The company is targeting an AUM of Rs 40–50 billion over the next 12 to 18 months.

News source: Banking & Finance

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