January 9, 2025: Infinity Fincorp Solutions (IFS), specializing in tailored property loans has raised $35 million to grow and expand its high-quality lending portfolio.
IFS offers credit facility against range of property options to help the customers monetize the asset for meeting the cash flow requirements. Facility is offered in Term loan as well as in revolving credit form with both standard and customized repayment plans to match the cash flows.
Shrikant Ravalkar, Founder, MD & CEO of Infinity revealed “This funding stands as a testament to our years of hard work as we successfully closed $35M fundraise, post-RBI approval which was received in October 2024 for change in shareholding. This fundraise significantly bolsters our capital position with Infinity’s net worth at Rs 530 crores and capital adequacy at 62% as against a regulatory requirement of 15%.”
The capital adequacy ratio (CAR) measures a financial institution’s ability to absorb potential losses and meet obligations by comparing its available capital to its risk-weighted assets, ensuring it remains financially stable. The firm’s Assets Under Management (AUM) surpassed Rs 1,000 crores in November 2024, marking a 33% increase since March.
Infinity Fincorp set to amplify MSME Lending Reach
Infinity Fincorp Mumbai-based NBFC specialising in MSME lending expects its AUM to reach Rs 1,300 crores by March 2025, fueled by a focus on underserved MSMEs in India’s estimated Rs 78 lakh crore credit gap. Infinity posted a profit of Rs 26 crore in FY2024 and projected Rs 47 crore for FY2025.
Over the past year, it disbursed Rs 562 crore across its 120-branch network in eight states, targeting small businesses such as tea shop owners, vegetable vendors, and electricians often overlooked by traditional lenders.
“Our decision to double down on Infinity is a testament to their exceptional execution and ability to deliver in the MSME-secured lending space. While the broader market faces challenges, Infinity’s disciplined approach and high-quality portfolio stand out,” Arpit Beri, Partner, India Investments at Jungle Ventures, commented on the fundraise.
The latest round of funding by IFS was led by Jungle Ventures, with participation from Archerman Capital and Magnifico.
