FlexiLoans raises Rs 375 Cr in extended Series C round

FlexiLoans, a digital lending platform focused on Micro, Small, and Medium Enterprises (MSMEs), has raised Rs 375 crore in an extended Series C funding round. The round saw participation from new investor British International Investment (BII) and existing backers like Fundamentum and Accion Digital Transformation Fund. This fresh capital infusion will be used by the Mumbai-based fintech to scale its operations, expand its range of credit products, and enhance its technology platform. FlexiLoans aims to address the significant credit gap faced by MSMEs in India, particularly in Tier II and Tier III cities, by providing fast and accessible financing through its digital-first model. This funding will strengthen the company's ability to disburse more loans and support the growth of small businesses across the country, reinforcing investor confidence in the digital lending sector.