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FlexiLoans Raises $80Mn in 6 Months, Closes Latest ~$45Mn in Series C Round to Empower Indian MSMEs

11 Jun 2025

Wednesday, 11 June 2025: FlexiLoans.com (Flexiloans), India’s leading MSME-focused digital lending NBFC, announces a successful raise of ~$45Mn in its Series C funding round. This follows a ~$35Mn infusion in September 2024 (Press Release) taking the total funds raised to ~$80Mn over the last 6 months. The round was led by existing prominent global and domestic investors — Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest — and welcomed new investor British International Investment (BII), the UK’s development finance institution and impact investor. The investment comprised of both primary equity to fuel operational expansion and secondary transactions to facilitate liquidity for existing investors. Prior to this round, the company raised capital from Sanjay and Falguni Nayar, MAJ invest, Fasanara capital along with other prominent family offices of erstwhile bankers.

The fresh capital will be used to expand operations, enhance product offerings, and strengthen technology infrastructure. This infusion will empower FlexiLoans to advance its mission of fueling the growth of Micro, Small, and Medium Enterprises (MSMEs) across India, driving financial inclusion, and unlocking new economic opportunities.

India’s MSME sector, which contributes about 30% to the country’s GDP (around $1Tn), remains significantly underserved. With over 60 million MSMEs and fewer than 10% having access to formal credit, the firm aims to bridge this gap—particularly in Tier 2 and Tier 3 cities where access to working capital finance is limited. As the Indian economy continues to grow, the demand for MSME working capital financing is expected to rise sharply, presenting a substantial opportunity for FlexiLoans.

Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans has emerged as a pioneer in India’s digital lending ecosystem, with a focus on underserved MSMEs. Its fully digital platform has simplified access to financing, enabling small businesses—especially in Tier 2 and Tier 3 cities—to receive loan approvals in as little as 48 hours by leveraging alternative data sources.

The firm’s digital-first approach has democratized access to finance for millions of micro and small entrepreneurs who lack traditional credit histories and are often excluded from the formal lending ecosystem. By forging 150+ strategic partnerships across e-commerce, payments, foodtech, and other merchant ecosystems, the company has rapidly scaled its distribution while strengthening its credit underwriting capabilities.

Leveraging its in-house technology platform and collaborations with over 25+ lending partners, the firm has developed innovative, customized credit products that serve a broader and more diverse MSME base—maximizing capital supply and accelerating financial inclusion across India

Till date, the firm has disbursed over $1,200Mn in loans across 2,100+ towns and cities, with an AUM of $277Mn and 83% CAGR growth (FY22–FY25). It has supported 50,000+ MSMEs via 170k+ loans, with 66% in Tier 2, 3 and beyond, and over 10% of its loan book comprising women borrowers. The company has remained profitable for the past three consecutive years, a rare feat in the digital lending space—underscoring its sustainable business model and operational resilience.

Deepak Jain, Co-founder, Flexiloans, said: “We are pleased to have secured an additional ₹375 crores from our existing investors and are proud to welcome BII to our cap table. This round not only enabled us to return capital to our early investors, but also gives us the firepower to double down on our mission—empowering underserved MSMEs across India with fast, accessible financing to grow, scale, and thrive. With a total of $80Mn raised over the past six months, we are well-positioned to accelerate our growth and deepen our impact”

Srini Nagarajan, Managing Director and Head of Asia, British International Investment, said: “We are delighted to support FlexiLoans in their mission to empower MSMEs across India with its innovative digital-only model. Financial inclusion is a key part of our strategy, and this investment underscores our commitment to supporting underserved businesses and entrepreneurs. By providing accessible financing, we aim to unlock new economic opportunities and drive sustainable growth in Tier 2 and Tier 3 cities, contributing to a more inclusive economy.”

Unitus Capital acted as the exclusive advisor for the transaction.

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Notes to Editor

Factsheet:

FlexiLoans Key Highlights:

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About the Investors:

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About FlexiLoans:

FlexiLoans is India’s leading digital lending platform, dedicated to empowering MSMEs by providing easy access to finance. With over $277Mn in AUM, the company offers term loans (ranging from $2.5K to $30K) and supply chain finance (limits ranging from $30K to $1.2Mn) through its innovative use of technology to help businesses realize their full potential. Funding is provided via its own NBFC as well as its lending partners integrated via FlexiLoans’ in-house tech platform. The company’s vision is to be the preferred financial partner for SMEs across India, driving economic growth and fostering entrepreneurship.

FlexiLoans is at the forefront of revolutionizing digital lending in India, setting new standards for the industry. The company remains unwavering in its commitment to supporting India’s vibrant entrepreneurial community by providing timely and accessible financial solutions.

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For further information please contact:

Alpesh Nakrani : alpesh@bluequill.in | 098691 21167

Parminder Panesar : parminder@bluequill.in | 9987012340

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