FlexiLoans, an MSME-focused digital lending NBFC, has raised Rs 375 crore in a Series C funding round.
The funding round was led by existing prominent global and domestic investors, including Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest, and new investor British International Investment.
FlexiLoans plans to use the funds for expanding operations, enhancing product offerings, and strengthening technology infrastructure to serve underserved MSMEs across Tier 2 and Tier 3 cities.
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, supporting 50,000+ MSMEs with 170k+ loans and remaining profitable for the past three consecutive years.