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FlexiLoans Reviews

Mumbai, Maharashtra

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FlexiLoans is a prominent Indian digital lending platform and Reserve Bank of India (RBI) registered Non-Banking Financial Company (NBFC), operating legally under the trade name Epimoney Private Limited. Founded in 2016 by a team of finance and technology professionals—including Deepak Jain, Ritesh Jain, and Manish Lunia—the company was established to address the significant credit gap faced by Micro, Small, and Medium Enterprises (MSMEs) in India. Headquartered in Mumbai, Maharashtra, FlexiLoans operates via a completely digital, branchless model, allowing it to extend its geographical reach to over 2,100 towns and cities across 15,000+ pin codes nationwide. The company's core product offerings focus heavily on providing collateral-free business loans tailored to small businesses that are typically excluded from traditional banking channels due to an inadequate financial or credit history. FlexiLoans offers various customized credit structures, including standard term loans (typically ranging from ₹2 lakhs to ₹25 lakhs) and supply chain financing solutions (with vendor limits scaling from ₹25 lakhs up to ₹10 crores). These funding mechanisms are designed to assist small and micro-entrepreneurs with working capital management, cash flow smoothing, and operational expansion. A defining characteristic of FlexiLoans is its technology-driven infrastructure. The company utilizes a proprietary credit underwriting engine powered by artificial intelligence and machine learning. This system processes alternative and surrogate data points rather than relying solely on traditional credit bureau scores, which reduces operational friction and enables automated credit decisioning, fraud detection, and regulatory compliance checks. Consequently, the platform is capable of granting loan approvals in as little as 48 hours. This asset-light model operates in conjunction with an ecosystem embedded finance strategy, linking with over 150 strategic partners across e-commerce, point-of-sale systems, foodtech, and merchant networks (such as Amazon, Flipkart, PhonePe, and Pine Labs) to facilitate customer acquisition. Financially, FlexiLoans relies on a hybrid funding structure, utilizing its own balance sheet alongside capital from more than 25 integrated institutional co-lenders and banks. To date, the company has raised over $120 million in equity and approximately $240 million in debt. Its notable funding rounds include a June 2025 Series C equity round that secured roughly $44 million (₹375 crore), backed by institutional investors such as Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest, and British International Investment (BII). Cumulatively, FlexiLoans has disbursed more than ₹7,000 crore ($1,200 million) across 170,000+ individual loans. The platform maintains a sustainable trajectory, recording consistent profitability over multiple consecutive fiscal years, with over 50% of its loan book directed toward first-time borrowers and a significant operational focus in Tier 2, Tier 3, and rural markets.