Monday, July 7, 2025
17.9 C
London
HomeBankingIndia’s FlexiLoans bags $34.5m Series C for lending platform expansion

India’s FlexiLoans bags $34.5m Series C for lending platform expansion

Date:

Pair Sentenced to Jail for $15M Crypto Fraud Scheme

A Deep Dive into the Conviction of Cryptocurrency FraudstersHighlights:...

Trump Proposes Tariff Rates of Up to 70% as New Letters Are Sent Out

Exploring the Implications of Donald Trump's Proposed Tariffs on...

The Payments Association Urges Enhanced LGBTQIA+ Diversity in Payment Systems

Advocating for inclusivity in payments to drive innovation and...
  • FlexiLoans raised $34.5 million in Series C funding to support India’s micro, small, and medium-sized enterprises (MSMEs) through its online lending platform.
  • The round was led by Maj Invest (also led the $90 million Series B in 2022), with new investors Accion Digital Transformation, Nuveen, and Fundamentum.
  • The platform has now raised $76.6 million in equity and over $240.9 million in debt.
  • Funds will be used to expand operations, enhance product offerings, and strengthen its technological infrastructure.
  • Co-founder Deepak Jain stated that the capital will help expand reach and support underserved MSMEs.
  • FlexiLoans uses a proprietary credit underwriting engine powered by machine learning to assess creditworthiness without requiring collateral.
  • The platform focuses on MSMEs in tier two and tier three cities, with $840 million disbursed to over 50,000 businesses to date.
  • FlexiLoans credits partnerships with e-commerce platforms, lenders, and payment technology vendors for creating innovative credit products.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories