FlexiLoans Raises ₹665 Cr in Six Months, Closes ₹375 Cr Series C to Boost MSME Lending in India
- ByStartupStory | June 11, 2025
FlexiLoans, a leading digital lending platform focused on India’s micro, small, and medium enterprises (MSMEs), has successfully closed its ₹375 crore Series C funding round, marking a significant milestone in its journey to democratize credit access for small businesses across the country. The fresh funding brings the total capital raised by the company to ₹665 crore in the past six months alone.
The round witnessed participation from existing backers including Fundamentum, Accion Digital Transformation Fund, Nuveen, and Maj Invest, while also onboarding a new strategic investor—British International Investment (BII), the UK’s development finance institution.
The latest round comprises both primary capital to fuel business expansion and secondary transactions that have enabled early investors to exit, reflecting growing investor confidence in the company’s sustainable, profitable, and tech-driven business model.
“This fresh round not only enables us to scale faster but also allowed us to return capital to our early investors, a milestone we’re proud of,” said Deepak Jain, Co-founder of FlexiLoans. “With ₹665 crore in new funding, we’re ready to double down on our mission—to empower MSMEs in India’s heartland with timely, accessible financing so they can thrive.”
Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans has built an agile, fully digital platform that delivers working capital to small businesses—especially in tier 2 and tier 3 cities—within 48 hours. Leveraging alternative data and a strong technology stack, the company has onboarded more than 150 strategic partners from the e-commerce, payments, and merchant ecosystems to broaden its reach.
With a loan book exceeding ₹2,300 crore and cumulative disbursements crossing ₹10,000 crore, FlexiLoans has empowered over 50,000 MSMEs across more than 2,100 towns and cities. Notably, 66% of its borrowers are from non-metro regions, and over 10% are women-led enterprises. The platform has remained consistently profitable for the past three fiscal years—an exceptional feat in the highly competitive fintech lending space.
FlexiLoans has also co-developed innovative credit solutions with more than 25 lending partners, focusing on personalized offerings tailored to the fragmented nature of India’s MSME landscape. The company’s proprietary tech infrastructure supports smart underwriting and end-to-end digital loan lifecycle management.
“Financial inclusion is central to our investment strategy,” said Srini Nagarajan, Managing Director and Head of Asia at BII. “FlexiLoans’ digital-first approach to MSME lending aligns well with our goal of unlocking new economic opportunities in underserved markets. We see this as an important step in creating a more inclusive and sustainable economy across India.”
Despite contributing nearly 30% to India’s GDP, the MSME sector continues to face persistent credit challenges, with less than 10% having access to adequate formal financing. As economic momentum builds in smaller cities and towns, players like FlexiLoans are stepping in to fill the funding gap and support business formalization and growth.
With this latest round, FlexiLoans plans to invest further in its technology stack, diversify its product offerings, and deepen penetration into India’s underserved geographies—solidifying its role as a long-term growth partner for MSMEs
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