<ul><li>Flexiloans, a new-age non-banking finance company, has raised Rs 375 crore in a funding round led by existing investors Fundamentum, Accion, Nuveen, and Maj Invest.</li><li>The funding includes both primary and secondary capital. British International Investment also joined as a new investor in this round.</li><li>Flexiloans, founded in 2016, focuses on small businesses providing term loans and working capital. The company plans to achieve Rs 5,000 crore in assets under management in the next 18 to 24 months.</li><li>Despite challenges in the sector, Flexiloans reported profitability for three years and closed FY24 with a total revenue of Rs 263 crore. The company aims to expand its product offerings and aims for Rs 3,500 to 4,000 crore in assets under management by FY2026.</li></ul>

Flexiloans raises another Rs 375 crore from Fundamentum, Accion and others

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