Renowned investor Jungle Ventures has contributed $35 million to Infinity Fincorp Solutions, an RBI-registered non-banking financial company (NBFC), with Archerman Capital and Magnifico also contributing.
Infinity’s net worth has increased to Rs 530 crore ($61.6 million) as a result of this investment.
Micro-entrepreneurs who are frequently disregarded by traditional financial institutions, such as tea shop owners, vegetable vendors, electricians, plumbers, and small manufacturers, are eligible for loans from Infinity.
With 120 branches spread across eight states, Infinity says it has disbursed Rs 562 crore ($65.4 million) in the past 12 months.
As of November 2024, Infinity’s Assets Under Management (AUM) had surpassed Rs 1,000 crore, marking a 33% increase since March 2024. With this momentum and its goal of giving underserved MSMEs in India access to financing, the company is expected to increase its AUM to over Rs 1,300 crores by March 2025.
According to the company, its FY24 profit was Rs 26 crore, and it expects that this figure will rise to Rs 47 crore in FY25.
