Infinity Fincorp Raises $40Mn In Extended Series A Round Led By Beams Fintech Fund

Infinity Fincorp, a non-banking finance company (NBFC), has raised $40 million in an extended Series A funding round led by Beams Fintech Fund, a growth-stage private equity firm.

Existing backers True North LLP, Jungle Ventures and Archerman Capital also participated in this round.

The NBFC said the funding will help grow its loan book and expand operations across six Indian states, focusing on Tier III towns in Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh and Rajasthan.

Beams Fintech Fund is a mid-market private equity fund managing Rs 900 crore. It invests in leading Fintech, Financial Services and B2B SaaS companies, supporting founders in scaling their businesses profitably.

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"The MSME credit gap in India remains a significant untapped opportunity, estimated at Rs 25.8 trillion.With the micro-LAP segment expected to grow at a CAGR of 15-20% over the next 5-10 years, we believe Infinity Fincorp has the potential to be a category leader in the Micro-LAP segment. Under Shrikant’s leadership, the company has grown 3X since FY 2022 while maintaining strong asset quality and risk management," said, Sagar Agarwal, Founder and Partner at Beams Fintech Fund.

"This fundraise significantly bolsters our capital position, with Infinity’s net worth now above Rs 600 crore and capital adequacy at 50%, much above the regulatory requirement of 15%," said Shrikant Ravalkar, Founder, MD, and CEO of Infinity Fincorp.

About Infinity Fincorp

Founded in 2016 by Shrikant Ravalkar, the Mumbai-based Infinity Fincorp Solutions offers loans of Rs 3-5 lakh to underserved micro-entrepreneurs, including tea stall owners, vegetable vendors and small machine businesses.

As of January 2025, Infinity Fincorp operates 127 branches across eight states and manages a loan book of Rs 1,100 crore. It expects to close the fiscal year at Rs 1,250 crore.

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