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FlexiLoans

Fintech · Mumbai, IN

Online lending platform providing quick loans to SMEs and underserved segments.

Founders

Abhishek Kothari (India · ♂) — An IIT Bombay and ISB alum with a decade in data-and-analytics for financial institutions, he co-founded FlexiLoans to close India's MSME credit gap with digital lending.
Deepak Jain (India · ♂) — A chartered accountant and ISB graduate with investment-banking and consulting experience, he co-founded FlexiLoans to lend to underbanked small businesses.
Manish Lunia (India · ♂) — A chartered accountant and ISB graduate with experience across NBFC, wealth management and telecom, he co-founded FlexiLoans to serve India's underbanked MSMEs.
Ritesh Jain (India · ♂) — A finance-and-tech operator who served as CFO at Housing.com, he co-founded FlexiLoans to build a digital MSME lending platform.

Date	Round	Amount
Sep 2024	Series C NBFC FlexiLoans raised an INR 290 Cr (~$34.5M) Series C from Accion, Maj Invest, Nuveen and Fundamentum to grow its SME lending.	$34.5M
Aug 2024	Debt NBFC FlexiLoans raised INR 75 Cr (~$9M) debt from JM Financials via NCDs to expand its SME lending.	$9M
Jun 2022	Series B SME lending platform FlexiLoans raised $90M (equity and debt) in a Series B with MAJ Invest, Fasanara Capital and Sanjay Nayar.	$90M
Oct 2020	Growth SME lender FlexiLoans raised $20 Mn (INR 150 Cr) in debt and equity led by Falguni and Sanjay Nayar's family office.	$20M

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