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FlexiLoans
India
- Mumbai, Maharashtra
- 07/06/2022
- Series B
- $90,000,000
FlexiLoans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing Quick, Flexible and Adequate funds for growing 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, we are standing on the verge of Banking transformation in this country which will help us efficiently cater to the large untapped and unserved demand. We 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. We believe our 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.
- Industry Financial Services
- Website https://flexiloans.com/
- LinkedIn https://www.linkedin.com/company/flexiloans/about/
Related People
Ritesh JainCo Founder
India -
Mumbai, Maharashtra
Empower- Every action I take and every decision I make has to align to one sole purpose- empower to build a better world.
The only way to do this is to fulfill your duty: your duty to take risk, a calculated risk, to build a better world.
These are the two fundamentals I live by and what, over the last 20 years, led to the birth of FlexiLoans- a fintech venture to solve the issue of capital for SMEs with easy access and create significant scale impact- currently at 1000+ crores lent annually :)
I have been an entrepreneur by choice throughout my career- I always chose to work in high-growth industries in companies at an early stage, allowing me to influence the big picture of these industries- whether it was introducing per-second calling / unlimited calling at Tata Teleservices or organizing the extremely unorganized real estate industry and building structure to a hypergrowth company like Housing.com.
What makes me tick: Cutting through the clutter and simplifying the problem and goals, being an expert who connects the macros and the micros, going from 0 to 100, a slice of tech for impact, productivity, and the human connect, operating from extreme trust in my people.
If you believe in building a better world and we have something in common - let’s connect.
P.S If you find the zen and focus that comes from running, especially marathons, then we have one more reason to talk.
Ritesh.
Take the 1st step,
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