Highlights
Infinity Fincorp Solutions Secures $35 Million Investment
Infinity Fincorp Solutions, a registered non-banking financial company (NBFC) with RBI approval, has successfully raised $35 million from prominent investor Jungle Ventures, alongside contributions from Archerman Capital and Magnifico. This funding boost has increased Infinity’s net valuation to Rs 530 crore ($61.6 million).
Focus on Underserved Micro-Entrepreneurs
Infinity plays a pivotal role in providing financial support to micro-entrepreneurs, including:
- Tea shop owners
- Vegetable vendors
- Electricians
- Plumbers
- Small manufacturers
These individuals often struggle to secure loans from conventional financial institutions.
Extensive Operational Reach
With a robust presence across eight states and a network of 120 branches, Infinity has successfully disbursed Rs 562 crore ($65.4 million) in the past year.
Significant Growth in Assets Under Management
As of November 2024, Infinity has achieved a significant milestone by surpassing Rs 1,000 crore in Assets Under Management (AUM), marking a 33% increase since March 2024. The company is poised to expand its AUM to over Rs 1,300 crore by March 2025, propelled by its commitment to enhance financial availability for underserved MSMEs throughout India.
Impressive Profit Forecast
For the fiscal year 2024, the company has reported a profit of Rs 26 crore, with expectations to grow this figure to Rs 47 crore in FY25.