Infinity Fincorp Solutions, a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI), has raised $35 million in a new funding round. The investment was led by marquee investor Jungle Ventures, with participation from Archerman Capital and Magnifico. This funding round has helped Infinity’s net worth surge to Rs 530 crore ($61.6 million), signalling strong investor confidence in the company’s growth potential.
Infinity Fincorp has carved out a niche for itself in providing loans to micro-entrepreneurs—such as tea shop owners, vegetable vendors, electricians, plumbers, and small-scale manufacturers—groups that are often underserved by traditional financial institutions. This targeted approach has allowed Infinity to bridge a critical gap in India’s financial ecosystem, especially among micro, small, and medium enterprises (MSMEs).
With a presence across eight states and a network of 120 branches, Infinity has disbursed a total of Rs 562 crore ($65.4 million) in loans over the last 12 months. The company has also achieved significant milestones, surpassing Rs 1,000 crore in Assets Under Management (AUM) as of November 2024, marking a 33% growth since March 2024. This steady growth has positioned the company on track to cross Rs 1,300 crore in AUM by March 2025.
The company has demonstrated a strong financial performance, reporting a profit of Rs 26 crore for FY24. Looking ahead, Infinity forecasts an increase in profit to Rs 47 crore for FY25, highlighting its robust business model and growing impact on the MSME sector.
Infinity Fincorp’s continued focus on enhancing financial inclusion and empowering underserved micro-entrepreneurs is central to its mission. As the company expands its reach and strengthens its financial offerings, it is set to play a pivotal role in enabling the growth and success of MSMEs across India.
