Latest news with #digitallending
Entrepreneur
11-06-2025
- Business
- Entrepreneur
FlexiLoans Raises INR 375 Crore in Series C Round to Boost MSME Lending
he round was led by existing investors including Fundamentum, Accion Digital Transformation Fund, Nuveen, and Maj Invest, while British International Investment (BII), the UK's development finance institution, joined as a new backer You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Digital lending platform FlexiLoans has raised INR 375 crore in fresh equity funding as part of its Series C round, according to a press release issued by the company. The latest tranche adds to the INR 290 crore raised in September 2024, taking the total capital infusion to INR 665 crore over the last six months. The round was led by existing investors including Fundamentum, Accion Digital Transformation Fund, Nuveen, and Maj Invest, while British International Investment (BII), the UK's development finance institution, joined as a new backer. The investment mix includes both primary capital to drive operational expansion and secondary transactions that provided liquidity to early investors. Founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, FlexiLoans operates as a digital-first NBFC focused on serving India's underserved MSME sector. The firm said the fresh funds will be used to scale operations, broaden its suite of credit products, and strengthen its technology platform aimed at small businesses, particularly in non-metro areas. Less than 10 per cent of the estimated 60 million MSMEs have access to formal credit. FlexiLoans targets this credit gap, with 66 per cent of its loan book spread across Tier II and Tier III cities. "We are pleased to have secured an additional INR 375 crores from our existing investors and are proud to welcome BII to our cap table," said Deepak Jain, co-founder of FlexiLoans. "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." FlexiLoans operates without physical branches, using a fully digital infrastructure to approve and disburse loans—often within 48 hours—by leveraging alternative data and digital partnerships. The firm has disbursed over INR 10,000 crore across more than 2,100 towns and cities. Its current assets under management (AUM) stands at INR 2,300 crore, with a compound annual growth rate (CAGR) of 83 per cent from FY22 to FY25. Srini Nagarajan, managing director and head of Asia at BII, 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." Unitus Capital acted as the exclusive advisor to the transaction.
Entrepreneur
09-06-2025
- Business
- Entrepreneur
Biz2X Crosses INR 14,000 Crore in Loans, Strengthens India's Fintech Footprint
The company is actively playing a dual role in exporting fintech innovation and reinforcing India's position as a hub for digital financial services on the back of ongoing expansions into key international markets including the Middle East. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Biz2X, the digital lending software platform from Biz2Credit, has surpassed INR 14,000 crore in loan disbursements through its India operations in FY25, continuing its steady growth of 25-30 per cent year-on-year. The figure signals not just the rising demand for credit access but also the expanding influence of AI-powered fintech infrastructure in India's lending landscape. The company attributes its performance to a mix of artificial intelligence innovations, strategic partnerships, and integrated lending solutions tailored for India's evolving credit ecosystem. With demand for credit in India projected at INR 37 lakh crore, Biz2X's technology is being seen as an enabler for faster and more inclusive loan access, especially for underserved segments. "This milestone is a testament to the trust that Biz2X has earned over the years through strategic collaborations with India's leading financial institutions," said Rohit Arora, co-founder and CEO of Biz2X and Biz2Credit. "We will continue to power the Indian lending ecosystem on the back of our solutions that draw on global best practices combining expertise from powering one of the largest digital lending marketplaces in the U.S., Biz2Credit, with localized models tailored to India's unique credit needs." Biz2X's recent rollouts — the AI-powered Biz2X Underwriting Agent and Biz2X AI CRM — are aimed at transforming how lenders evaluate borrower profiles, manage leads, and drive engagement. Another flagship product, DigiKred, continues to play a central role in enhancing the efficiency of Indian lenders by automating key elements of the loan lifecycle. The company's progress also reflects the larger shifts underway in India's Global Capability Center (GCC) sector, projected to hit $110 billion by 2030. Biz2X is aligning its operations to support this momentum, focusing on high-growth regions and expanding its service footprint to meet rising institutional demand for scalable, AI-driven credit solutions. Arora noted that the company remains committed to enabling access to credit for Indian MSMEs, who have traditionally faced barriers in securing timely loans. "We are committed to enabling financial inclusion for Indian MSMEs which have long faced roadblocks in securing timely credit," he said. The company is actively playing a dual role in exporting fintech innovation and reinforcing India's position as a hub for digital financial services on the back of ongoing expansions into key international markets including the Middle East.
