Infinity Fincorp Solutions, a Mumbai-based non-banking financial corporation (NBFC) specialising in micro-loans against property, has raised $40 million in an extended Series A funding round led by Beams Fintech Fund, a growth-stage private equity fund focused on fintech and financial services.
The round also saw participation from existing backers True North LLP, Jungle Ventures, and Archerman Capital.
The funds raised will be used to strengthen its operations in the micro-loan against property (micro-LAP) financing sector. The funds will be also used to expand Infinity’s loan book from ₹1,100 crore as of January 2025 to an estimated ₹1,250 crore by the end of FY2025.
With this investment, Infinity Fincorp plans to deepen its presence across Tier III towns and expand its reach into new regions. The company also aims to leverage advancements such as digitisation of land records and AI-driven underwriting processes to improve efficiency and scalability.
The latest capital infusion will be instrumental in expanding its loan book and deepening its presence across Tier III towns in Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan.
The fresh funding comes three months after the startup raised $35 million in its Series A funding round led by existing investor Jungle Ventures, along with participation from Archerman Capital and Magnifico.
Shrikant Ravalkar, Founder, MD, and CEO, Infinity Fincorp Solutions, said, “We also would like to extend our heartfelt gratitude to Beams Fintech Fund, who believed in our potential. The fund raise significantly bolsters our capital position with Infinity’s net worth now above Rs 600 crore and capital adequacy at 50%, much above the regulatory requirement of 15%.”
“Micro LAP is one of the fastest growing spaces within the NBFC segment, given the credit demand from 6 crores+ MSMEs towards growing their businesses. The MSME credit gap in India remains a significant untapped opportunity, estimated at Rs 25.8 trillion. With the micro-LAP segment expected to grow at a CAGR of 15-20% over the next 5-10 years, we believe Infinity Fincorp has the potential to be a category leader in the Micro-LAP segment. Under Shrikant’s leadership, the company has grown 3X since FY 2022 while maintaining strong asset quality and risk management,” said Sagar Agarwal, Founder and Partner at Beams Fintech Fund.
Founded in 2016 by Shrikant Ravalkar, Infinity Fincorp Solutions operates in the micro-LAP (Loan Against Property) financing space that provides loans ranging from ₹3 to ₹5 lakh to small business owners such as tea shop owners, vegetable vendors, and small machine enterprises.
The company primarily operates in Tier III towns across states like Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan. With a strong presence in southern India’s micro-LAP market, Infinity has demonstrated high growth and strong returns on assets and equity.
