FlexiLoans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing Quick, Flexible and Adequate funds for growing their Businesses.
FlexiLoans uses its differentiated technology to reach out to the e-sellers including ones devoid of the funding from banks and other financial lending institutions.
FlexiLoans was founded in 2016 by Manish Lunia, Ritesh Jain, Deepak Jain, and Abhishek Kothari. The company is headquartered in Mumbai, Maharashtra, India.
FlexiLoans provides “loans at a click” to small, medium and micro-enterprises, which otherwise, find it difficult to access institutional capital due to their inadequate financial history or inability to provide collateral.
FlexiLoans currently disburse over Rs 100 crore of loans monthly. The company also added uy-now-pay-later services (BNPL) and supply chain finance.
FlexiLoans more than 120 partners including e-commerce giants like Amazon, Flipkart, Nykaa, Myntra, and others. The startup claims to have disbursed over Rs 1,700 crore of loans to MSMEs till date to merchants in over 1,600 Indian cities.
FlexiLoans is backed by MAJ Invest, Fasanara Capital, Falguni and Sanjay Nayar Office, and others. The company raised $90M in a Series B round on Jun 07, 2022. This brings FlexiLoans' total funding to $132.2M to date.