Digital lending platform FlexiLoans has raised 375 crore (approximately $45 million) in an extended Series C funding round, as the company looks to scale its lending operations and strengthen its technology capabilities.
The fresh funding came from a mix of equity and debt sources. Leading Indian and international investors participated in the round, including Caravel Group, Sagun Jain Family Office, and other existing backers.
This new round brings the total capital raised by FlexiLoans to over ₹1,200 crore since its inception.
Focus on MSME Lending
Founded in 2016, FlexiLoans provides quick, collateral-free loans to micro, small, and medium enterprises (MSMEs) through its digital platform. The company uses AI-driven credit models and data analytics to assess borrower risk and disburse loans efficiently.
According to the company, it has disbursed loans to over 2 lakh MSMEs across 2,000+ cities in India. The latest funds will be used to expand product offerings, boost customer acquisition, and enhance its lending technology.
Strong Financials and Future Plans
FlexiLoans has been profitable at the EBITDA level for the last six quarters, showing strong financial discipline in a competitive fintech space. The company also reported over 100% year-on-year growth in loan disbursements.
With this new funding, FlexiLoans plans to increase its partnerships with NBFCs, banks, and fintech players to reach more underserved businesses across the country.
The startup continues to tap into India’s growing demand for digital credit solutions, especially in the MSME sector, which remains underpenetrated by traditional lenders.
