Infinity Fincorp Solutions, a trusted non-banking financial company (NBFC) registered with the RBI, has secured $35 million in fresh funding from Jungle Ventures, along with support from Archerman Capital and Magnifico. This investment increases Infinity’s net worth to Rs 530 crore, enabling it to provide more loans to small business owners often ignored by traditional banks.
Founded in 2016 by Shrikant Ravalkar, the company serves tea shop owners, vegetable vendors, electricians, and small manufacturers. With a strong financial foundation, Infinity aims to expand its lending reach, supporting micro-entrepreneurs and driving financial inclusion across India’s smaller cities and towns.
What is Infinity Fincorp?
Infinity Fincorp Solutions is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). It focuses on providing loans to micro-entrepreneurs and small businesses that are often overlooked by traditional banks.
The company was founded in 2016 by Shrikant Ravalkar and operates primarily in Tier III and IV cities, helping business owners like tea shop vendors, vegetable sellers, electricians, and plumbers get access to credit. Recently, Infinity secured $35 million in capital which will enhance its asset lending and growth opportunities. Designed to bridge the MSME credit gap in India and enable businesses to obtain financing, etc.
Why is This Funding Significant?
This funding is significant because it strengthens Infinity Fincorp Solutions’ financial position, enabling it to support more micro-entrepreneurs and small businesses that struggle to access loans from traditional banks. A new fund of Rs 35 million injected into Infinity’s balance sheet increases the same to Rs 530 crore, thereby enhancing the company’s ability to lend and boost financial inclusion in Tier III and IV cities.
Additionally, this funding increases Infinity’s capital adequacy ratio to 62%, well above the RBI’s 15% requirement, ensuring financial stability. The company has already crossed Rs 1,000 crore in assets under management (AUM) and aims to grow this to Rs 1,300 crore by March 2025.
Strong backing from Jungle Ventures, Archerman Capital, and Magnifico reflects the confidence of investors in Infinity’s disciplined approach to management and high portfolio quality. With this capital injection, Infinity will be able to grow in a big way, to close the MSME gap in India and to help small businesses, which will power economic development and job creation.
How Will the Funds Be Used?
Infinity Fincorp Solutions will use the newly raised $35 million to expand its lending operations and strengthen its financial position. The key areas of fund utilization include:
- Increasing Loan Disbursements – The capital will help Infinity provide more loans to micro-entrepreneurs and small businesses in Tier III and IV cities, including tea shop owners, vegetable vendors, and electricians.
- Expanding Operations – Infinity plans to grow its branch network beyond the current 120 locations across eight states, reaching more underserved businesses.
- Strengthening Capital Adequacy – With the funding, Infinity’s capital adequacy ratio rises to 62%, ensuring financial stability and regulatory compliance.
- Enhancing Technology & Risk Management – The company will invest in technology-driven credit assessment and risk management tools to maintain portfolio quality.
Founders’ Perspective
Shrikant Ravalkar, the founder, managing director, and CEO of Infinity Fincorp Solutions, sees the fresh funding as a major step toward expanding financial inclusion for small businesses. He believes the investment will allow Infinity to serve more underserved entrepreneurs and drive sustainable growth.
In an interview, Ravalkar highlighted Infinity’s commitment to bridging the MSME credit gap, stating:
“India’s small business sector faces a significant credit shortfall. With this funding, we are well-positioned to empower micro-entrepreneurs and small manufacturers who lack access to formal financing.”
He also emphasized, “Surpassing Rs 1,000 crore in assets under management is a milestone, and with fresh capital, we aim to reach Rs 1,300 crore by March 2025.”
Ravalkar remains optimistic about Infinity’s future, noting that investor confidence and a disciplined lending approach will continue to drive the company’s success.
Key Takeaways
- Major Funding Boost – Infinity Fincorp Solutions raised $35 million from Jungle Ventures, Archerman Capital, and Magnifico, increasing its net worth to Rs 530 crore.
- Strengthened Lending Capacity – The fresh capital allows Infinity to provide more loans to micro-entrepreneurs and small businesses in Tier III and IV cities.
- Strong Financial Position – The company’s capital adequacy ratio rises to 62%, well above the RBI’s 15% requirement, ensuring financial stability.
- Growth in Assets Under Management (AUM) – Infinity’s AUM crossed Rs 1,000 crore in November 2024, with a target of Rs 1,300 crore by March 2025.
- Expanding Reach – With 120 branches across eight states, Infinity aims to scale operations and address the Rs 78 lakh crore MSME credit gap.
Conclusion
Infinity Fincorp Solutions’ $35 million funding marks a significant milestone in its mission to support microentrepreneurs and small businesses. With an increased net worth of Rs 530 crore and a capital adequacy ratio of 62%, the company is well-positioned for growth.
Completed Rs 1000 crore AUM milestone, Infinity has a growth plan to move towards Rs 1300 crore by March 2025 while expanding its lending footprint. Fueled by investor sentiment and a technology-based model, Infinity aims to extend operations, balance the MSME credit gap in India and reach financial inclusion to unserved businesses while concurrently ensuring sustainability in the coming years.
Struggling for Funds? Let Infinity Fincorp Power Your Business!
