The fintech startup championing the cause of the Micro, Small and Medium Enterprises or MSMEs, FlexiLoans has been extended yet another financial success in form of Rs 75 crore of debt funding from JM Financial. This funding is a sequel to the $35 million equity raised by FlexiLoans which makes the firm a major player in the market for MSME lending.
The company has been on an expansion spree and has disbursed over Rs 7,000 crore in loans and has had good financials. This new capital will put FlexiLoans on the right path for the kind of loan growth that can break funding barriers to MSMEs that are the life of our economy.
The competition in the MSME lending sector is rising and yet, with good financial standing and invulnerable investments, FlexiLoans is fit to run. Thus, as the company focuses on its further growth, it will have a rather beneficial effect on the given Indian market and, specifically, the MSME segment.
