New Delhi: FlexiLoans, a Mumbai-based fintech company catering to MSMEs, has recently raised Rs 60 crore through non-convertible debt from Vivriti Asset Management, marking a return to fundraising after nearly two years. 

The investment, facilitated by the issuance of 6,000 non-convertible debentures, with an interest rate of 12.9% per annum and a 31-month tenure, aims to support the company’s ongoing operations. Founded by Deepak Jain, Manish Lunia, Ritesh Jain, and Abhishek Kothari, FlexiLoans leverages its digital lending platform, powered by proprietary technology and risk assessment models, to provide collateral-free funds to MSMEs within 48 hours. 

With a network of over 120 partners, including major players like Amazon and Flipkart, FlexiLoans has amassed over $115 million in funding to date, combining both equity and debt. The company’s robust financial performance in FY23, with a revenue surge of 110.7% and turning profitable according to TheKredible, underscores its momentum in the market.