Total amount raised
$182.9 Million
Latest funding date
9/1/2024
Location
FlexiLoans has successfully raised funds through 12 funding rounds, with the latest being a Series C round. The platform provides a variety of financial solutions tailored for Micro, Small, and Medium Enterprises (MSMEs) in India.
With 17 investors backing its mission, FlexiLoans continues to support small businesses by offering quick, flexible, and adequate funding options. Keep reading to explore the intricacies of FlexiLoans' fundraising journey and the investors backing this innovative platform.
What Is FlexiLoans?
FlexiLoans, based in Mumbai, Maharashtra, India, is a lending platform designed to provide small and medium-sized enterprises (SMEs) with quick, flexible, and adequate funding to help grow their businesses. The company operates in various sectors including banking, financial services, fintech, information technology, lending, payments, and venture capital.
Founded as an RBI registered Non-Banking Financial Company (NBFC), FlexiLoans leverages technology and risk models focusing on alternate methods for scoring customers. The company has a significant number of employees, ranging from 251 to over 600, and has disbursed over ₹7000+ Cr in loans, serving 2100+ cities with the help of 400+ partners.
How Much Funding Has FlexiLoans Raised?
- Series C
- Amount Raised: $35 million
- Date: September 2024
- Lead Investors: Accion, Fundamentum, Nuveen, Maj Invest Equity
- Valuation at Round: Approximately $143 million
- Motivation Behind the Round: To expand operations and offerings.
- Series C
- Amount Raised: $45 million
- Date: June 2025
- Lead Investors: Accion, Fundamentum, Maj Invest Equity, Nuveen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological infrastructure.
- Series B
- Amount Raised: $28 million
- Date: June 2022
- Lead Investors: Maj Invest Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To cater to underserved MSMEs.
- Series Unknown
- Amount Raised: $20 million
- Date: October 2020
- Lead Investors: Falguni and Sanjay Nayar Family Office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology.
- Debt Financing
- Amount Raised: $7 million
- Date: February 2024
- Lead Investors: Vivriti Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and loan disbursements.
- Debt Financing
- Amount Raised: $9 million
- Date: August 2024
- Lead Investors: JM Financial
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and loan disbursements.
Total Amount Raised: $144 million. Current Valuation: Approximately $143 million.
Key Investors
- Accion
- Details: Accion is a global nonprofit organization that supports microfinance institutions and fintech companies to provide financial services to underserved populations. It has been a key player in promoting financial inclusion worldwide.
- Investment Focus Areas: Financial inclusion, microfinance, fintech
- Notable Investments: CrediFi, Konfio, Azimo
- Fundamentum
- Details: Fundamentum is a growth-stage investment fund co-founded by Nandan Nilekani and Sanjeev Aggarwal. The firm focuses on scaling technology-driven companies in India.
- Investment Focus Areas: Technology-driven companies, growth-stage companies, Indian startups
- Notable Investments: Pharmeasy, Spinny
- Maj Invest Equity
- Details: Maj Invest Equity is a Danish asset management company that invests in private equity and other asset classes. It focuses on sustainable and responsible investments.
- Investment Focus Areas: Private equity, financial services, sustainable businesses
- Notable Investments: Various growth-stage companies globally
- Nuveen
- Details: Nuveen is a global investment manager that provides a range of investment solutions, including fixed income, equities, and alternatives. It is the investment manager of TIAA.
- Investment Focus Areas: Real estate, private equity, fixed income
- Notable Investments: Various global investments across multiple sectors
- British International Investment
- Details: British International Investment, formerly known as CDC Group, focuses on sustainable and inclusive businesses. It aims to support economic development in emerging markets.
- Investment Focus Areas: Sustainable businesses, inclusive businesses, emerging markets
- Notable Investments: Not publicly disclosed
What's Next for FlexiLoans?
FlexiLoans is poised for significant growth, leveraging its recent $35 million Series C funding to expand operations and enhance its product offerings. The company aims to disburse Rs 5,100 crore in loans this fiscal year, capitalizing on the increasing digital acquisition of customers and partnerships with major e-commerce and payment platforms.
Future fundraising opportunities appear promising, with potential for additional equity and debt financing rounds to support their ambitious growth targets. The company is also considering an IPO in the next 3-4 years, contingent on achieving the right size and scale.
However, challenges such as managing credit costs, maintaining profitability while scaling, and navigating regulatory environments remain. Competition from other digital lending platforms and traditional financial institutions will also test FlexiLoans' resilience and innovation.
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