FlexiLoans Revenue, Valuation, Funding & Investors
FlexiLoans is valued at $143M as of June 2025, a 5.1x multiple on its last reported $28M revenue.
Last FlexiLoans valuation
$143M
Series C · Jun 2025
Last FlexiLoans funding round
$44M
Series C · Jun 2025
FlexiLoans revenue
$28M
Series C · Jun 2025
Key investors in FlexiLoans
Maj Invest Equity
Nuveen New York Municipal
Fundamentum
Accion
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Sanjay NayarBritish International Investment
About FlexiLoans
FlexiLoans is a Mumbai-headquartered digital lending platform founded in 2016 for Indian SMEs lacking credit history. The company approves loans up to INR 50 lakhs within 24 hours using alternative data analytics for social and financial scoring. It funds working capital, machinery, and expansion needs through an online marketplace connecting borrowers with 75+ institutional lenders across Maharashtra and beyond.
Founded
2016
HQ
MumbaiWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Revenue
$28M (Jun 2025)
Valuation
$143M (Jun 2025)
Sectors
FlexiLoans Valuation
FlexiLoans is currently valued at $143M, based on its Series C in June 2025.
The $44M round was led by Accion, Fundamentum, Maj Invest Equity and Nuveen New York Municipal, with participation from British International Investment.
FlexiLoans' valuation has moved from $143M at its Series C in September 2024 to $143M in June 2025, across 2 priced rounds.
FlexiLoans valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2025 | Series C | $143M | 5.1x |
| Sep 2024 | Series C | $143M | 5.1x |
FlexiLoans Revenue
FlexiLoans' latest recorded revenue is $28M, as of its Series C in June 2025. At a $143M valuation, that implies a 5.1x revenue multiple.
Revenue moved from $28M in September 2024 to $28M in June 2025, while the revenue multiple moved from 5.1x to 5.1x.
FlexiLoans revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2025 | $28M | $143M | 5.1x | Series C |
| Sep 2024 | $28M | $143M | 5.1x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
FlexiLoans Funding History
FlexiLoans has raised a total of $142M across 5 funding rounds.
FlexiLoans' first fundraising round was a $15M Series A in October 2016. The most recent completed round was a $44M Series C in June 2025.
FlexiLoans funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Series C | Accion (lead); Fundamentum (lead); Maj Invest Equity (lead); Nuveen New York Municipal (lead); British International Investment | $44M | $143M | FlexiLoans is a digital lending platform founded in 2016, specializing in working capital financing for underserved MSMEs in India, particularly in Tier 2 and 3 cities. It offers term loans from Rs 2 lakh to Rs 25 lakh and supply chain financing up to Rs 10 crore, leveraging proprietary tech and alternative data from e-commerce and payment platforms for quick approvals within 48 hours. The platform partners with over 25 lending institutions to provide customized credit products, having disbursed over Rs 10,000 crore in loans across 2,100+ towns to 50,000+ MSMEs, with 66% in non-metro areas and over 10% to women borrowers. In its extended Series C, FlexiLoans raised Rs 375 crore (~$45 million) in June 2025 from existing investors Accion, Fundamentum, Maj Invest Equity, Nuveen New York Municipal, and new investor British International Investment (BII), following a Rs 290 crore infusion in September 2024, totaling Rs 665 crore in six months. The funding mix includes primary equity for growth and secondary sales for early investor liquidity, aimed at expanding operations, product development, tech infrastructure, increasing leverage, and scaling AUM from Rs 2,300+ crore to Rs 5,000 crore in 18 months. The company targets Rs 5,100 crore in disbursals this fiscal year and an IPO around FY28 at $1B AUM. FlexiLoans reports strong traction with 83% CAGR in AUM from FY22-FY25, profitability for three years, and FY24 revenue of Rs 262 crore (2.4x growth from Rs 109 crore in FY23), though profits fell to Rs 3.03 crore due to higher delinquencies and expenses. It plans Rs 100 crore disbursals to women-led MSMEs in 2025, having already lent Rs 500+ crore to them with 130% borrower growth and 2.3x annual increase from 2019-2024. A prior Series C tranche in September 2024 valued the company at approximately $143 million. |
| Sep 2024 | Series C | Accion (lead); Fundamentum (lead); Nuveen New York Municipal (lead); Maj Invest Equity | $35M | $143M | FlexiLoans is an India-based digital lending platform focused on MSMEs, offering term loans from $2.5K to $30K and supply chain finance up to $1.2M through 100% digital origination without physical branches, reaching over 15,000 pincodes and partnering with platforms like Flipkart, Amazon, Paytm, and PhonePe. The company has disbursed over 170k loans totaling $1,200M across 2,100+ towns, with 66% to Tier 2/3 customers and 10% to women borrowers, achieving AUM of $277M and 83% CAGR growth from FY22–FY25. It has remained profitable for three consecutive years, a rarity in digital lending. In September 2024, FlexiLoans raised approximately $34-35M (Rs 290 Cr) in its Series C round led by Accion, Fundamentum, Nuveen, and Maj Invest Equity, with valuation around $143M per Clay.com. This was followed by a ~$45M (Rs 375 Cr) extension in early 2025, bringing total equity raised in six months to ~$80M (Rs 665 Cr) and overall equity to $120M plus $240M debt. Investors included British International Investment as a new backer in the extension. Traction includes FY25 disbursements of $400M, 50,000+ MSMEs supported, 54% first-time borrowers, and 200k-300k monthly leads targeting 4-5M annually. The company aims to scale AUM to Rs 4,000-5,000 Cr in 12-18 months for FY26 via aggressive growth. Clay.com notes total funding at $144M with current valuation ~$143M; no post-money valuation, revenue/ARR, EBITDA, or multiples directly confirmed in sources for this round. |
| Jun 2022 | Series B | Maj Invest Equity (lead); Yogesh Mahansaria; Mahansaria Family Office; Harry Banga; Sanjay Nayar; Fasanara Capital | $28M | - | FlexiLoans is an India-based digital lending NBFC focused on MSMEs, providing working capital loans from Rs 2 lakh to Rs 25 lakh and supply chain finance up to Rs 10 crore through its in-house entity Epimoney Private Limited and integrations with over 20 lenders. It uses alternative data from e-commerce and payment platforms, big data, machine learning, and AI for credit risk assessment to address the MSME credit gap. The company, founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia, operates a fully digital model to scale while keeping low operational expenses and credit costs below industry averages. In June 2022, FlexiLoans raised approximately $28-30 million in its Series B equity round led by Maj Invest Equity, with participation from Fasanara Capital, Harry Banga, Mahansaria Family Office, and others, bringing total equity to around $90 million including prior debt. Sources describe this as part of efforts to cater to underserved MSMEs, with Maj Invest Financial Inclusion Fund III acquiring a stake in Epimoney Pvt. Ltd. on June 8, 2022. At the time, FlexiLoans had disbursed significant loan volumes across over 1,500-2,100 towns, with 54-70% of borrowers in Tier 2/3 cities and first-time recipients. Later updates show AUM growth from Rs 1,067 crore in March 2023 to Rs 1,817 crore by June 30 (year unspecified), and total disbursements over Rs 7,000 crore by FY24. The firm turned profitable in FY23 and maintained profitability for three years by FY25, with 83% CAGR in AUM from FY22-FY25. Subsequent Series C rounds followed, including Rs 290 crore in September 2024 led by Accion, Nuveen, Fundamentum, and Maj Invest, and an extension of Rs 375 crore (~$44-45 million) in 2025 from existing investors including BII, totaling $80 million raised in six months and overall equity nearing $120-144 million plus $240 million debt. Funds supported loan book expansion to Rs 5,000 crore AUM, tech enhancements, and operations, with FY25 disbursements at $400 million and support for 50,000+ MSMEs. |
| Oct 2020 | Undisclosed stage | Falguni and Sanjay Nayar Family Office (lead) | $20M | - | FlexiLoans is a Mumbai-based digital lending platform providing quick financing options such as term loans, loans against POS, vendor financing, and supply chain finance to MSMEs across over 1,600 Indian cities, with a focus on Tier 2 and 3 towns. In October 2020, it raised approximately $20 million (Rs 150 crore) in a mix of equity and debt entirely from the Falguni and Sanjay Nayar Family Office to scale SME lending efforts, expand supply chain and co-lending products, and enter the next phase of growth emphasizing probability, growth, and risk control. At that time, the company claimed an annualized revenue run rate (ARR) of Rs 100 crore, was disbursing over Rs 100 crore in loans monthly with an active loan book of Rs 500 crore, and had cumulatively disbursed over Rs 1,700 crore in loans to MSMEs. The funding was positioned as a strategic bet by the Nayars on FlexiLoans' lending model amid plans to double monthly disbursement run rates within a year through co-lending. Co-founder Deepak Jain highlighted the long-term nature of this capital over other institutional term sheets. FlexiLoans demonstrated operational traction with its loan book and disbursements, targeting Rs 1,500-1,800 crore in deployments over the next 12 months post-round. The platform leverages technology for rapid approvals and has backing from figures like KKR India senior advisor Sanjay Nayar. Subsequent raises, including a $90 million mix in 2022 and Rs 375 crore Series C in 2025, indicate continued growth, with later claims of EBITDA positivity, though not tied to 2020. |
| Oct 2016 | Series A | Vikram Sud; Anil Jaggia; Narayan Seshadri; Sanjay Nayar | $15M | - | FlexiLoans was founded in 2016 by Deepak Jain, Ritesh Jain, and Manish Lunia as a digital lending platform serving MSMEs in India. The company received early investment from notable figures including Sanjay Nayar, former CEO of KKR India, and Vikram Sud, former head of operations and technology at Citibank. However, specific details regarding the early 2016 funding round—including valuation, amount raised, and financial metrics from that period—are not available in the sources found. |
Who has invested in FlexiLoans?
14 investors have backed FlexiLoans across its funding rounds, including Maj Invest Equity, Nuveen New York Municipal, Fundamentum, Accion, Sanjay Nayar and British International Investment.
Lead investors include Accion, Fundamentum, Maj Invest Equity, Nuveen New York Municipal and Falguni and Sanjay Nayar Family Office.
FlexiLoans Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Copenhagen | 3 | Lead | Jun 2022 | |
 Washington, DC | 2 | Lead | Sep 2024 | |
| Chicago, IL | 2 | Lead | Sep 2024 | |
| Bangalore | 2 | Lead | Sep 2024 | |
| Sanjay Nayar | Mumbai | 2 | Participant | Oct 2016 |
| Yogesh Mahansaria | Mumbai | 1 | Participant | Jun 2022 |
| Mumbai | 1 | Participant | Jun 2022 | |
| Vikram Sud |  Singapore | 1 | Participant | Oct 2016 |
| Harry Banga |  Hong Kong | 1 | Participant | Jun 2022 |
| Anil Jaggia | -- | 1 | Participant | Oct 2016 |
 London | 1 | Participant | Jun 2025 | |
| Narayan Seshadri | -- | 1 | Participant | Oct 2016 |
This data is available for Pro users. Sign up to see all 14 FlexiLoans investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by FlexiLoans
FlexiLoans has acquired 1 company to date.
Last acquisition by FlexiLoans was on May 22nd 2017. FlexiLoans acquired Credit Period for undisclosed valuation.
Latest Acquisitions by FlexiLoans
| Description | Credit Period is a UK-based trade credit platform founded in 2021 that allows SMEs to extend 30- to 120-day payment terms to buyers without cash flow risks. It provides invoice financing and credit insurance, enabling suppliers to sell on credit while securing payments. Operating in Europe and Asia, the platform integrates with ERP systems and has facilitated over £100 million in transactions for clients in manufacturing and distribution. |
| HQ Country | |
| HQ City | Mumbai |
| Deal Date | 22 May 2017 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all FlexiLoans acquisitions and their M&A valuation multiples. Start Free Trial | |
FlexiLoans Competitors
FlexiLoans competitors include listed companies like Multitude and Humm Group, and private ones like Sindhuja Microcredit, Zippy, Jimubox and Vivifi India.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Finland | Publicly listed | $277M | $33M | $144M | - | |
| Ghaziabad | Private | $3M | - | $144M | 48.0x | |
 Australia | Publicly listed | $443M | $227M | $142M | 7.3x | |
| United States | Private | - | - | $140M | - | |
 Beijing | Private | - | - | $137M | - | |
| Hyderabad | Private | $18M | - | $150M | 8.3x |
FlexiLoans Public Comps
FlexiLoans is still privately-owned, but its public comps include Multitude, Humm Group, LexinFintech, DeFi Development, X Financial, Plenti Group, Yiren Digital, Solvar, Jiayin Group and Luzon Credit and Finance.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $277M | $33M | - | - | - | - | |||
| $443M | $227M | 7.1x | 7.3x | 13.8x | 107.8x | |||
| $2B | $334M | 0.3x | 0.3x | 1.5x | 121.2x | |||
| $11M | ($64M) | 24.3x | 18.3x | (4.3x) | (42.4x) | |||
| $1.1B | $258M | 0.1x | - | 0.3x | - | |||
| $217M | $127M | 9.6x | 8.9x | 16.4x | 97.8x | |||
| $853M | ($13M) | - | - | - | - | |||
| $135M | $62M | 4.4x | 4.3x | 9.6x | 8.7x | |||
This data is available for Pro users. Sign up to see all FlexiLoans competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FlexiLoans
| When was FlexiLoans founded? | FlexiLoans was founded in 2016. |
| Where is FlexiLoans headquartered? | FlexiLoans is headquartered in Mumbai, India. |
| Is FlexiLoans publicly listed? | No, FlexiLoans is a private, VC-backed company. |
| What is FlexiLoans' valuation? | FlexiLoans was last valued at $143M in its Series C in June 2025. |
| How much funding has FlexiLoans raised? | FlexiLoans has raised $142M across 5 funding rounds. |
| What was FlexiLoans' last funding round? | FlexiLoans' last funding round was a $44M Series C in June 2025, led by Accion, Fundamentum, Maj Invest Equity and Nuveen New York Municipal. |
| Who are FlexiLoans' investors? | FlexiLoans' investors include Maj Invest Equity, Accion, Nuveen New York Municipal, Fundamentum, Sanjay Nayar, Yogesh Mahansaria, Mahansaria Family Office, Vikram Sud, Harry Banga, Anil Jaggia and 4 others. |
| What is FlexiLoans' revenue? | FlexiLoans' latest recorded revenue is $28M (June 2025). |
| What is FlexiLoans' revenue multiple? | FlexiLoans' latest valuation implies a 5.1x revenue multiple ($143M valuation on $28M of revenue). |
| Which companies are comparable to FlexiLoans? | Companies comparable to FlexiLoans include Multitude, Sindhuja Microcredit, Humm Group, Zippy, Jimubox and Vivifi India. |
| How many companies has FlexiLoans acquired? | FlexiLoans has acquired 1 company, including Credit Period. |
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