PE Fund Investments
MSME lender Infinity Fincorp raises $40-M
Yourstory nfinity Fincorp Solutions
Mumbai-based NBFC Infinity Fincorp Solutions has raised USD 40 million Series A extension round of funding with participation from Beams VC (via Beams Fintech Fund).Founded in 2016 by Shrikant Ravalkar, I nfinity Fincorp Solutions operates in the micro-LAP (Loan Against Property) financing space, providing INR 3-5 lakh loans for underserved micro-entrepreneurs with a focus on Tier III towns across Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan. The proceeds will be used to expand the loan book and to establish a deeper presence across the states.
Between Nov 2016 and Apr 2024, Infinity Fincorp Solutions had attracted about USD 46 M from TrueNorth, Archerman Capital, Jungle Ventures and Others.For FY24, Infinity Fincorp Solutions had reported about INR 138 Cr in Operating Income and about INR 26 Cr in PAT.
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