FlexiLoans, an MSME-focused digital lending NBFC, has raised ₹375 crore in its extended Series C funding round led by existing investors Fundamentum, Accion Digital Transformation, Nuveen, and Maj Invest and joined by new investor British International Investment (BII), the UK’s development finance institution.
The investment comprised both primary equity to fuel operational expansion and secondary transactions to facilitate liquidity for existing investors.
This follows a ₹290 crore infusion in September 2024 taking the total funds raised to ₹665 crores over the last 6 months.
Prior to this round, the company raised capital from Sanjay and Falguni Nayar, MAJ invest, Fasanara capital along with other prominent family offices of erstwhile bankers.
The fresh capital will be used to expand operations, enhance product offerings, and strengthen technology infrastructure.
Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans operates as a digital-first NBFC focused on serving India’s underserved MSME sector. FlexiLoans has built a robust, fully digital lending platform that enables small businesses – particularly those in tier 2 and tier 3 cities – to secure working capital within 48 hours.
The platform leverages alternative data and has forged over 150 strategic partnerships across e-commerce, payments, and merchant networks to extend its reach.
The firm has developed innovative, customised credit products that serve a broader and more diverse MSME base—maximising capital supply and accelerating financial inclusion across India.
The company also works with 25 plus lending partners and has co-created a range of customized credit products suited to India’s fragmented MSME base. Its technology stack enables agile credit underwriting and loan lifecycle management, helping bridge the credit access gap for businesses that lack traditional financial histories.
Till date, the firm has disbursed over ₹10,000 crores in loans across 2,100+ towns and cities, with an AUM of ₹2,300+ crores and 83% CAGR growth (FY22–FY25). It has supported 50,000+ MSMEs via 170k+ loans, with 66% across 2,100 plus towns and cities in Tier 2, 3 and beyond, and over 10% of its loan book comprising women borrowers. The company has remained profitable for the past three consecutive years.
Deepak Jain, Co-founder, Flexiloans, said, “We are pleased to have secured an additional Rs 375 crores from our existing investors and are proud to welcome BII to our cap table. This round not only enabled us to return capital to our early investors, but also gives us the firepower to double down on our mission—empowering underserved MSMEs across India with fast, accessible financing to grow, scale, and thrive. With a total of Rs 665 crores raised over the past six months, we are well-positioned to accelerate our growth and deepen our impact.”
Srini Nagarajan, Managing Director and Head of Asia, British International Investment, said, “We are delighted to support FlexiLoans in their mission to empower MSMEs across India with its innovative digital-only model. Financial inclusion is a key part of our strategy, and this investment underscores our commitment to supporting underserved businesses and entrepreneurs. By providing accessible financing, we aim to unlock new economic opportunities and drive sustainable growth in Tier 2 and Tier 3 cities, contributing to a more inclusive economy.”
