Infinity Fincorp Solutions Receives Investment for Fintech Expansion
Infinity Fincorp Solutions, a player in the micro-LAP (Loan Against Property) financing sector, has recently attracted investment from Beams Fintech Fund. This investment marks the sixth financial commitment by Beams into promising companies focused on Fintech and Financial Services, participating as part of the Series A extension of a $40 million funding round.
Investment Details
Infinity Fincorp, which has the backing of True North LLP Private Equity Fund, has also welcomed equity investments from various other investors, including Jungle Ventures and Archerman Capital. The capital acquired will be directed towards expanding the loan portfolio and establishing a stronger market presence across six states in India, as stated by the company in a recent press release.
About Infinity Fincorp Solutions
Founded by Shrikant Ravalkar, Infinity Fincorp Solutions plays a vital role in providing loans ranging from Rs 3-5 lakh to underserved micro-entrepreneurs, including tea shop owners, vegetable sellers, small machinery businesses, restaurants, provision stores, and more.
The company primarily focuses on Tier 3 towns across Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan. Infinity Fincorp claims to have established a strong foothold in the micro-LAP market of southern India, boasting a commendable track record in achieving high growth rates and returns on assets (ROA) and equity (ROE).
Market Outlook
Research indicates that the overall Micro LAP segment is poised for significant growth, with expectations of a CAGR ranging between 15% to 20% over the next 5 to 10 years.
As of January 2025, Infinity Fincorp has reported a loan book exceeding Rs 1,100 crore and anticipates closing FY2025 with Rs 1,250 crore, reflecting a remarkable growth rate of 67% within a single year. Given its substantial size, now classified as a Middle Layer NBFC, it has transitioned from its previous Base Layer classification.
Beams Fintech Fund Overview
Beams Fintech Fund is a mid-market private equity fund managing assets under management (AUM) of INR 900 crore. The fund is dedicated to investing in leading Fintech, Financial Services, and B2B SaaS companies. Through a well-diversified portfolio of high-growth ventures, Beams collaborates with visionary founders to promote scalability, profitability, and long-term value generation.