FlexiLoans secures Rs 290 crore from global, domestic investors

Digital lending platform FlexiLoans has raised Rs 290 crore in Series C funding from global and domestic investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and existing investor Maj Invest.

FlexiLoans, which lends to small businesses through a cash flow-based lending model, will use the fresh capital to expand its operations, enhance its product offerings, and strengthen its technological infrastructure, the company said in a release.