FlexiLoans Secures INR 290 Cr to Boost MSME Lending

• FlexiLoans has raised INR 290 Cr (around $34.5 Mn) in its Series C funding round from investors including Accion, Maj Invest, Nuveen, and Fundamentum.
• The new funds will help FlexiLoans expand its product offerings and grow its business.
• The fintech startup has disbursed over INR 7,000 Cr in loans across more than 2,100 towns and cities.
• FlexiLoans plans to enter the supply chain financing market and partner with traditional corporate finance platforms.
• Founded in 2016, FlexiLoans targets SMEs and underserved segments with quick and flexible loans.

Source: Inc42