FlexiLoans.com (Flexiloans), India’s leading MSME-focused digital lending NBFC, announces a successful raise of ₹375 crores in its Series C funding round. This follows a ₹290 crore infusion in September 2024 taking the total funds raised to ₹ 665 crores over the last 6 months. The round was led by existing prominent global and domestic investors — Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest — and welcomed new investor British International Investment (BII), the UK’s development finance institution.
The fresh capital will be used to expand operations, enhance product offerings, and strengthen technology infrastructure. This infusion will empower FlexiLoans to advance its mission of fueling the growth of Micro, Small, and Medium Enterprises (MSMEs) across India, driving financial inclusion, and unlocking new economic opportunities.
India’s MSME sector, which contributes about 30% to the country’s GDP (around $1Tn), remains significantly underserved. With over 60 million MSMEs and fewer than 10% having access to formal credit, the firm aims to bridge this gap—particularly in Tier 2 and Tier 3 cities where access to working capital finance is limited. As the Indian economy continues to grow, the demand for MSME working capital financing is expected to rise sharply, presenting a substantial opportunity for FlexiLoans.
Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans has emerged as a pioneer in India’s digital lending ecosystem, with a focus on underserved MSMEs. Its fully digital platform has simplified access to financing, enabling small businesses—especially in Tier 2 and Tier 3 cities—to receive loan approvals in as little as 48 hours by leveraging alternative data sources.
The firm’s digital-first approach has democratized access to finance for millions of micro and small entrepreneurs who lack traditional credit histories and are often excluded from the formal lending ecosystem. By forging 150+ strategic partnerships across e-commerce, payments, foodtech, and other merchant ecosystems, the company has rapidly scaled its distribution while strengthening its credit underwriting capabilities.
