Flexiloans secures Rs 290 crore in funding from Accion, Fundamentum, others

Founded by Indian School of Business alumni Deepak Jain, Ritesh Jain and Manish Lunia in 2016, Flexiloans has till date raised Rs 636 crore in equity funding. The company has built an AUM (asset under management) of around Rs 2,000 crore and disbursed Rs 3,000 crore in loans mostly to small and medium businesses in 2023-24. Its current gross bad loans stand at 3.4% of its AUM.