Flexiloans raises another Rs 375 crore from Fundamentum, Accion and others

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New-age non-banking finance company Flexiloans has raised Rs 375 crore in a mix of primary and secondary capital to fuel its expansion plan.

The funding was led by existing investors Nandan Nilekani’s Fundamentum, US-based impact investor Accion Digital Transformation, American asset management firm Nuveen, and Denmark-based asset management major Maj Invest.

“Through this round, we have given exits to the high networth individuals who had invested in the company in 2017. Most of our existing institutional investors have doubled down in the…



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Flexiloans raises another Rs 375 crore from Fundamentum, Accion and others


New-age non-banking finance company Flexiloans has raised Rs 375 crore in a mix of primary and secondary capital to fuel its expansion plan.

The funding was led by existing investors Nandan Nilekani’s Fundamentum, US-based impact investor Accion Digital Transformation, American asset management firm Nuveen, and Denmark-based asset management major Maj Invest.

“Through this round, we have given exits to the high networth individuals who had invested in the company in 2017. Most of our existing institutional investors have doubled down in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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