Infinity Fincorp Solutions closes $35 Mn round

Infinity Fincorp Solutions, an RBI-registered non-banking financial company (NBFC), has raised $35 million from marquee investor Jungle Ventures, with participation from Archerman Capital and Magnifico. 

With this investment, Infinity’s net worth has risen to Rs 530 crore ($61.6 million).

Infinity provides loans to micro-entrepreneurs like tea shop owners, vegetable vendors, electricians, plumbers, and small manufacturers- individuals who traditional financial institutions often overlook. 

Operating across eight states with a network of 120 branches, Infinity claims to have disbursed Rs 562 crore ($65.4 million) over the last 12 months.

Infinity has also crossed a milestone, surpassing Rs 1,000 crore in Assets Under Management (AUM) as of November 2024, a 33% growth since March 2024. With this momentum, the company is on track to grow its AUM to over Rs 1,300 crores by March 2025, driven by its mission to provide financial access to underserved MSMEs across India.

The company claims to have reported a profit of Rs 26 crore for FY24 and forecasts an increase to Rs 47 crore for FY25.