FlexiLoans is a digital-first fintech lender that originates loans to micro, small and medium enterprises using alternative data from e‑commerce and payment platforms. The company operates a 100% digital origination model and says it can approve loans within 48 hours, serving more than 10 million SMEs through partnerships with Flipkart, Amazon and Paytm. To date FlexiLoans has disbursed over INR 7,000 crore in loans and targets raising its AUM from about INR 2,000 crore to between INR 3,500–4,000 crore. In FY24 revenue grew 2.4x to nearly INR 263 crore while profits fell about 50% to INR 3.3 crore, reflecting rapid expansion costs. The product focus is collateral-free working capital for businesses in tier‑II and tier‑III cities, enabled by alternative-data credit underwriting. FlexiLoans is a Mumbai-based fintech that provides collateral-free credit to MSMEs through a digital lending platform. The company uses in-house technology and risk models to score borrowers and can approve loans in less than 48 hours. It has partnered with more than 120 businesses, including Amazon, Flipkart, Pine Labs, BharatPe, and Mswipe. FlexiLoans has raised more than $115 million to date, including a $90 million Series B in June 2022 that included debt and equity from Fasanara Capital, MAJ Invest, and the family office of Caravel Group chairman Harry Banga, alongside investors such as Sanjay Nayar. Operating revenue rose from Rs 51.5 crore in FY22 to Rs 108.5 crore in FY23, an increase of 110.7%. The company has been without new funding for about 20 months and is using new debt to support continuing operations. FlexiLoans.com is an Indian MSME-focused fintech lending company that provides 'loans at a click' to small businesses via 100% digital originations and zero branches. The firm reports having disbursed over INR 1,700 crores (about $220 million) to MSMEs across more than 1,600 cities. Its core product offerings and channels include platform lending, co-lending, BNPL and supply-chain finance backed by technology assets for lending, pricing and customer journeys. The company plans to focus on technology development and to more than double its MSME loan book via co-lending, BNPL and supply-chain finance platforms. It will continue investing in customer-journey automation, risk management and analytics to strengthen underwriting and operations. FlexiLoans positions itself to benefit from the government’s fintech push for the MSME sector and to support broader Atmanirbhar Bharat objectives. FlexiLoans.com is a Mumbai-based fintech lender. The company operates in digital lending and is described in the article as a fintech lender. It announced that it has raised about $20 million (Rs150 crore). The funding was provided through a mix of equity and debt financing. The article does not provide details on the investors, use of proceeds, or operating metrics. No future plans or financial projections were included in the report. FlexiLoans is a digital lending platform focused on providing quick and transparent funding access to small businesses and supply-chain participants. The Mumbai-based fintech employs multiple data sources and non-traditional credit-scoring parameters in a proprietary credit engine to deliver loan decisions within 48 hours and aims to cut processing to under 24 hours. It launched operations in April 2016 with partners such as Uber and Shopclues and has integrated with major e-commerce players including Amazon, Flipkart, Snapdeal, Jabong and others. The company introduced loans against POS transactions, which produced a major spike in volumes. Its mobile app receives over 4,000 applications per month—primarily from tier-two to four cities—with an average ticket size of Rs 5 lakh across more than 175 cities and plans to expand to 500 cities. FlexiLoans plans to use new funding to expand its loans and supply-chain financing segments and to scale up operations.

Total raised

$159M

Funding rounds

6

Latest round

Series C

Latest activity

Sep 2024