FlexiLoans raises $90 million in its Series B funding round from global investors
- ByStartupStory | June 7, 2022
FlexiLoans.com, an MSME-focused fintech lending platform, announced on Tuesday that it has raised nearly $90 million in Series B funding from notable investors such as Denmark-based PE firm MAJ Invest, UK-based fintech investor Fasanara Capital, and Dr Harry Banga and Yogesh Mahansaria’s family offices.
This round of funding offers a solid foundation for the company’s expansion at a time when the government is promoting fintech, particularly in the MSME sector.
This is Fasanara Capital’s first SME fintech investment in India, as well as MAJ Invest’s third this year. MAJ Invest and Fasanara Capital have invested in a number of well-known Fintechs and Non-Bank Financial Companies throughout the world. The capital raise was advised by Asia Link Advisors and Axis Capital.
FlexiLoans’ expansion aspirations will be fueled by the money raised, as the company expects to focus on technological development and more than quadruple its MSME book through its Co-lending, BNPL, and Supply Chain Finance platforms. FlexiLoans will continue to invest in cutting-edge technology to increase its customer journey automation, risk management, and analytics capabilities.
FlexiLoans.com has previously obtained $20 million in seed finance and Series A funding from Sanjay Nayar and other prominent lenders. With more than 120 eco-system partners, including e-commerce heavyweights like Amazon, Flipkart, Nykaa, Myntra, and others for financing sellers/vendors affiliated with these platforms, the company is now one of India’s major integrated finance firms.
Follow Startup Story
Related Posts
