MSME-focused digital lending firm FlexiLoans raises Rs 375 crore for further expansion

FlexiLoans, MSME-focused digital lending NBFC, today said it has raised Rs 375 crore in a Series C funding round. This follows a Rs 290 crore infusion in September 2024 taking the total funds raised to Rs 665 crores over the last 6 months.

The round was led by existing prominent global and domestic investors, including Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest, and new investor British International Investment (BII), the UK’s development finance institution.

The investment comprised of both primary equity to fuel operational expansion and secondary transactions to facilitate liquidity for existing investors. Prior to this round, the firm raised capital from Sanjay and Falguni Nayar, MAJ invest, Fasanara capital along with other prominent family offices of erstwhile bankers.

FlexiLoans said it will be using the fresh capital to expand operations, enhance product offerings, and strengthen technology infrastructure.

Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans is focused on serving the underserved MSMEs. The firm claims that its 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.

It further claims to have over 150 strategic partnerships across e-commerce, payments, foodtech, and other merchant ecosystems.

By leveraging its in-house technology platform and collaborations with over 25 lending partners, FlexiLoans has developed what it calls innovative, customised credit products that serve a broader and more diverse MSME base—maximizing capital supply and accelerating financial inclusion across India

Till date, the firm has disbursed over Rs 10,000 crore in loans across 2,100+ towns and cities, with an AUM of Rs 2,300+ crore and 83% CAGR growth (FY22–FY25). It has supported 50,000+ MSMEs via 170k+ loans, with 66% in Tier 2, 3 and beyond, and over 10% of its loan book comprising women borrowers. Notably, FlexiLoans has remained profitable for the past three consecutive years.