Short description
FlexiLoans is a lending platform for SMEs to access quick, flexible, and adequate funds to grow their businesses.
Description
FlexiLoans is a lending platform for SMEs to access quick, flexible, and adequate funds to grow their businesses.
Over 80% of loan proposals from SMEs currently are rejected by institutional channels on account of inadequate financial history or collaterals. With the fast and ubiquitous digital adoption in India and increased avenues to leverage data analytics, they are standing on the verge of banking transformation in this country which will help in efficiently catering to the large untapped and unserved demand. They wish to make the ‘social and alternative scoring’ of SMEs and individuals a big opportunity for the economy that will far out place the limited insights that financial bureau provide. They believe their technology-powered online marketplace is the best model to meet the financial requirements of SME’s who do not have credit history and hence cannot avail loans from traditional banking channels.
Founded in 2016, FlexiLoans has its headquarters in Mumbai, Maharashtra, India.
Last funding
Noaccessforu
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Total funding
$$43214321
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Location
Mumbai, Maharashtra, India, Asia
Founded on
January 1, 2016
Non-profit?
No
Acquired?
No
Employees count
251-500
Revenue range
$7890 - 12340
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Investors
Cannot Access, Noaccessforu, Noaccessforu, Noway Youcantaccess, Absolutely Noaccess, Noaccess, Nopepepe, Noaccessforu, Absolutely Noaccess, Noaccess, Blurry Noaccess
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Founders
Abhishek Kothari, Deepak Jain, Manish Lunia, Ritesh Jain