Infinity Fincorp Raises $40M with Beams Fintech Fund’s Backing
Summary
Infinity Fincorp, backed by True North LLP Private Equity Fund, has, in the near past, secured equity investments from renowned investors, including Jungle Ventures and Archerman Capital.Led by Shrikant Ravalkar, Founder, MD & CEO, Infinity Fincorp Solutions, which operates in the micro-LAP (Loan Against Property) financing space, providing INR 3-5 lakh loans for underserved micro-entrepreneurs like tea shop owners, vegetable vendors, small machine enterprises, restaurants, provision stores and many more businesses that are key to Indias economy. Infinity will use the capital to expand the loan book & establish a deeper presence across the six states.The overall Micro LAP segment is expected to grow at a CAGR of 15-20% over the next 5-10 years, driven by the formalisation of the economy, a rise in income levels and improving credit penetration in the country. Owing to its significant size (INR 1000 cr+), Infinity Fincorp is classified as Middle Layer NBFC as against Base Layer earlier.Shrikant Ravalkar, Founder, MD & CEO of Infinity Fincorp Solutions, added: We are extremely grateful to all our investors who are supporting us in our mission to serve the vastly underserved MSME sector supported by technology-led efficiencies. This also means that now we are classified as NBFC Middle Layer by RBI a huge testament to our teams humongous efforts in the past years.I express my heartfelt gratitude to all our stakeholders who have been a key cog in our growth story.We remain committed to serving the vast untapped MSME landscape of India which has a potential credit gap of INR 78 lakh crore; with our in-house capabilities to serve the Indian MSMEs and access to growth capital from our marquee investors, we will deepen our footprint and accelerate our mission of extending credit to MSMEs across the country.Beams Fintech Fund is a mid-market private equity fund managing an AUM of INR 900 crores focused on investing in category-leading Fintech, Financial Services, and B2B SaaS companies. With a diversified portfolio of high-growth businesses, Beams partners with visionary founders to drive scale, profitability, and long-term value creation.