https://flexiloans.com/
| Sector: | Finance |
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| Entry year: | 2022 |
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| Fund: | Maj Invest Financial Inclusion Fund III K/S |
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| Ownership: | 12.4% |
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| Other shareholders: | Founders, Sanjay Nayar, Fasanara, H. Banga |
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| CEO: | - |
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| Chairman: | - |
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| Maj Invest contact: | David Paradiso |
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| Revenue: | USD 6.5 million |
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| EBITDA: | USD -1.5 million |
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| Employees: | 234 |
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Business model
Established in 2016, FlexiLoans (FL) is a Non-Bank Finance Company (NBFC) that offers unsecured loans to the underserved MSMEs (Micro, small and medium enterprises) through a tech-enabled digital business model. It is headquartered in Mumbai, Maharashtra (in the western part of India), with digital operations spread across the country.
The company’s MSME clients are anchored by various digital ecosystems including online marketplaces (such as amazon.in) and other Indian digital platforms. FL integrates with such ecosystems to generate leads on MSME borrowers and also to underwrite their cashflow/big data on a real time basis to offer credit-related products. FlexiLoans operates fully digitally i.e., client acquisition, credit analysis, disbursements and collections are done completely online (no physical branches).
