spot_img
Saturday, June 25, 2022
No menu items!
More
    spot_img
    HomeBusinessFlexiLoans.com raises $90 million in Series B funding

    FlexiLoans.com raises $90 million in Series B funding

    -

    Money & Banking

    Our Bureau | Mumbai, June 7 | Updated on: Jun 07, 2022

    The fundraise will help the fintech company in scaling up its micro SME lending

    MSME-focused fintech lender FlexiLoans.com has raised about $90 million in Series B funding from marquee investors including MAJ Invest, Fasanara Capital and the family offices of Harry Banga and Yogesh Mahansaria along with many existing shareholders such as Sanjay Nayar.

    “This investment round provides a strong runway to the firm for its growth journey at a time when there is fintech push by the government especially for the MSME sector,” it said in a statement.

    The fundraise will help FlexiLoans.com in scaling up its micro SME lending and creating technological edge for its Buy Now Pay Later (BNPL), supply chain and co-lending services.

    The company has disbursed ₹1,700 crore across over 1,600 cities with 100 per cent digital sourcing and no branches.

    FlexiLoans.com had previously raised $ 20 million and Series A investment led by Sanjay Nayar and marquee bankers.

    Published on June 07, 2022

    You May Also Like

    Recommended for you

    Related articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Stay Connected

    0FansLike
    0FollowersFollow
    3,360FollowersFollow
    0SubscribersSubscribe
    spot_img

    Latest posts