FlexiLoans.com, Fintech MSME Lending Company, Raises $90M in Latest Funding


MSME-focused fintech lending firm FlexiLoans.com has raised around $90m in Series B funding from high-profile investors such as Denmark-based PE MAJ Invest, UK-based fintech investor Fasanara Capital and the family offices of Dr. Harry Banga and Yogesh Mahansaria with existing shareholders like Sanjay Nayar.

Asia Link Advisors and Axis Capital acted as advisors for the fundraising. This is Fasanara Capital’s first investment in an SME in India and MAJ Invest’s third investment this year. Fasanara Capital and MAJ Invest have invested in several fintechs and non-bank financial companies (NBFCs) around the world.

This investment will drive the growth ambitions of FlexiLoans, which plans to focus on technology development and more than double its portfolio of MSMEs through co-lending, buy it now, pay later (BNPL) and platforms supply chain finance. Having created technology assets for lending platforms, pricing and customer journeys, the fintech lending company will continue to invest in technology to strengthen customer journey automation, risk management and analytics capabilities .

“We are delighted to have institutional players MAJ Invest, Fasanara Capital and family offices Banga and Mahansaria join us in our mission to help small businesses grow in India. Their experience in building global fintech companies will help us create better products as well as strengthen the organization,” said Deepak Jain, co-founder of FlexiLoans.com, about earning a Series B financing.

He also thanked existing investors for supporting the company during the recent funding round and said: “This round is particularly special as our investors now include long-term institutional investors, seasoned bankers and some of the largest family offices. – ingredients to build a world class company backed by the right values.”

FlexiLoans.com previously raised approximately $20 million in its seed funding and Series A investment led by Sanjay Nayar and renowned bankers. The company currently has over 120 ecosystem partners including Amazon, Flipkart, Nykaa, and Myntra for vendor/vendor funding associated with these platforms.


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