April 2, 2025: Infinity Fincorp Solutions, engaged in micro-loans against property, has raised $40 million, to consolidate its loan book and accelerate its footprints in six Indian states, with a focus on Tier III towns in the states of Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan.
The Mumbai based NBFC Infinity Fincorp, spearheaded by Shrikant Ravalkar, offers loans ranging from Rs 3-5 lakh to underserved micro-entrepreneurs, including tea stall owners, vegetable vendors, and small machine enterprises.
Sagar Agarwal, Founder and Partner at Beams Fintech Fund, said “The MSME credit gap in India remains a significant untapped opportunity, estimated at Rs 25.8 trillion.”
Agarwal added, “With the micro-LAP segment expected to grow at a CAGR of 15-20% over the next 5-10 years, we believe Infinity Fincorp has the potential to be a category leader in the Micro-LAP segment. Under Shrikant’s leadership, the company has grown 3X since FY 2022 while maintaining strong asset quality and risk management.”
Infinity Fincorp Aims to Close Fiscal Year with Rs.1250 Cr Loan Book
Infinity Fincorp, with 127 branches established in eight states, manages a loan book of Rs 1,100 crore, as of January 2025, and projects closing the fiscal year at Rs 1,250 crore.
“This fundraise significantly bolsters our capital position, with Infinity’s net worth now above Rs 600 crore and capital adequacy at 50%, much above the regulatory requirement of 15%,” said Ravalkar, Founder, MD, and CEO of Infinity Fincorp.
With its portfolio surpassing Rs 1,000 crore, the Reserve Bank of India has reclassified the company from a Base Layer to a Middle Layer NBFC.
The investment for Infinity Fincorp , in an extended Series A funding round was led by Beams Fintech Fund, a growth-stage private equity firm, alongside existing backers True North LLP, Jungle Ventures, and Archerman Capital.
