Beams Fintech Fund, a growth-stage private equity fund specializing in Fintech and Financial Services, has announced its sixth investment in Infinity Fincorp Solutions. Beams participated in the Series A extension of a $40 million funding round for the company.

Infinity Fincorp, which is backed by True North LLP Private Equity Fund, has previously secured equity investments from Jungle Ventures and Archerman Capital. The fresh capital infusion will be used to expand its loan book and strengthen its presence across six states, according to a company press release.

Founded by Shrikant Ravalkar, Infinity Fincorp Solutions operates in the micro-Loan Against Property (LAP) financing sector, offering loans ranging from Rs 3-5 lakh to underserved micro-entrepreneurs. These include tea shop owners, vegetable vendors, small machine enterprises, restaurants, and provision stores, among others.

The company primarily serves Tier 3 towns across Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan. With a strong foothold in South India’s micro-LAP market, Infinity Fincorp has demonstrated a proven track record of high growth and robust return on assets (ROA) and return on equity (ROE).

Market research indicates that the micro-LAP segment is expected to grow at a CAGR of 15-20% over the next 5-10 years. As of January 2025, Infinity Fincorp’s loan book stands at over Rs 1,100 crore, with projections to close FY2025 at Rs 1,250 crore—reflecting a 67% year-over-year growth. Due to its significant scale (Rs 1,000 crore in assets), it has transitioned from a Base Layer NBFC classification to a Middle Layer NBFC.

Beams Fintech Fund, managing an AUM of INR 900 crore, focuses on investing in category-leading Fintech, Financial Services, and B2B SaaS companies. With a diversified portfolio of high-growth businesses, Beams collaborates with visionary founders to drive scalability, profitability, and long-term value creation