Mumbai-based NBFC, Infinity Fincorp Solutions, has raised USD 40 million (~INR 341.92 crore) extended Series A funding round led by Beams Fintech Fund, a mid-market private equity firm that backs high-growth fintech disruptors.
This is Beams’ sixth investment and reaffirms investor confidence in the underserved Micro-LAP (Loan Against Property) segment—a niche but fast-growing market within the larger secured lending space.
Fundraise Recap
Infinity Fincorp Series A round brings the total fundraising to USD 75 million (~INR 641.11 crore), with the previous USD 35 million (~INR 299.18 crore) tranche closed just three months ago in January 2025. That round was led by Jungle Ventures, with participation from Archerman Capital and Magnifico, and came after securing regulatory approval from the Reserve Bank of India (RBI) in October 2024.
With Beams now on board, Infinity has a strong set of institutional backers, including True North LLP, a PE firm focused on Indian growth stories.
Strategic Intent Behind the Fundraise
According to Infinity, the new capital will be used to:
- Expand its MSME lending in underserved Tier III and IV cities
- Broaden its loan book, especially in Micro-LAP
- Enhance technology and credit infrastructure for scalable and responsible growth
Operating in eight Indian states with a focus on southern India (Andhra Pradesh, Tamil Nadu, Telangana), as well as Madhya Pradesh and Rajasthan, Infinity targets micro-entrepreneurs—think tea stall owners, vegetable vendors, electricians, provision stores, and small manufacturing units—who often don’t have access to formal credit.
The company offers small-ticket loans ranging from INR 5 lakh to INR 5 crore in secured lending, especially under government schemes like the Emergency Credit Line Guarantee Scheme (ECLGS).
AUM, Net Worth & Regulatory Upgrade
Infinity Fincorp’s numbers tell the story of its operational efficiency and market demand:
- Assets Under Management (AUM):
- INR 1,100 crore as of Jan 2025
- Projected to close FY25 at INR 1,250+ crore, 67% YoY growth
- Net Worth:
- From INR 530 crore (Jan 2025) to over INR 600 crore post new funding
- Capital Adequacy Ratio:
- 50-62%, way above the RBI’s 15%
This AUM growth has led to the RBI reclassifying Infinity from a Base Layer NBFC to a Middle Layer NBFC, which opens up more compliance thresholds and recognition in the regulatory ecosystem.
Investor Confidence and Sectoral Trends
Says Sagar Agarwal, Founder & Partner at Beams Fintech Fund:
“Micro-LAP is expected to grow at 15-20% CAGR over the next 5-10 years. We believe Infinity Fincorp can be a category leader in this space.”
Beams Fintech has an AUM of INR 900 crore and has partnered with success stories like InsuranceDekho, Credgenics, Progcap and Niyo.
Why This Matters
MSME is the backbone of the Indian economy, but face a massive credit gap of INR 25.8 lakh crore (~USD 310 billion). Traditional banks have long underserved this market due to underwriting challenges, lack of collateral documentation, and cost inefficiencies in reaching the long tail of borrowers.
Infinity Fincorp, founded in 2016 by Shrikant Ravalkar, is solving this by:
- Using technology for underwriting and distribution
- Maintaining asset quality while growing fast
- Building an on-ground presence with over 127 branches across 130+ locations. With INR 26 crore profit in FY24 and INR 47 crore profit in FY25, the company is poised to deliver topline growth and bottom-line resilience.
Final Thought
In a funding environment where capital is cautious and performance-driven, Infinity FinCorp Series A funding from Beams is a testimony to its business model. The company is the kind of hybrid financial institution India’s credit landscape needs—tech-enabled, locally focused and impact-driven.
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