Beams Fintech Fund, a leading growth-stage private equity fund focused on Fintech and Financial Services, has announced its sixth investment in Infinity Fincorp Solutions (“Infinity Fincorp”). Beams has participated as part of their Series A extension of a $40 million funding round. Infinity Fincorp, backed by True North LLP Private Equity Fund, has, in the near past, secured equity investments from renowned investors, including Jungle Ventures and Archerman Capital.
Led by Shrikant Ravalkar, Founder, MD & CEO, Infinity Fincorp Solutions, which operates in the micro-LAP (Loan Against Property) financing space, providing INR 3-5 lakh loans for underserved micro-entrepreneurs like tea shop owners, vegetable vendors, small machine enterprises, restaurants, provision stores and many more businesses that are key to India’s economy. Infinity Fincorp is focused on Tier 3 towns across Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan. The Company has a robust presence in southern India’s Micro LAP market along with a proven track record of delivering high growth and high ROA/ROE. Infinity will use the capital to expand the loan book & establish a deeper presence across the six states.
The overall Micro LAP segment is expected to grow at a CAGR of 15-20% over the next 5-10 years, driven by the formalisation of the economy, a rise in income levels and improving credit penetration in the country. The segment will further benefit the most from the digitization of land records, further adoption of account aggregators and improvement in underwriting with the adoption of AI.
Headquartered in Mumbai, India and having a pan-India presence in 127 branches across 8 states, Infinity Fincorp has a loan book of INR 1100+ crores as of January 2025 and is projected to close FY2025 at INR 1250 crores, marking a growth of 67% in one year. Owing to its significant size (INR 1000 cr+), Infinity Fincorp is classified as Middle Layer NBFC as against Base Layer earlier.
Sagar Agarwal, Founder & Partner at Beams Fintech Fund, commented: “The MSME credit gap in India remains a significant untapped opportunity, estimated at ~INR 25.8 trillion. Micro LAP is one of the fastest growing spaces within the NBFC segment given the credit demand from 6 crores+ MSMEs towards growing their businesses. With the micro-LAP segment expected to grow at a CAGR of 15-20% over the next 5-10 years, we believe Infinity Fincorp has the potential be a category leader in the Micro-LAP segment. Under Shrikant’s leadership, the company has grown 3x since FY 2022 while maintaining strong asset quality and risk management. This investment diversifies our financial services portfolio without competing with our other NBFC investments”
Shrikant Ravalkar, Founder, MD & CEO of Infinity Fincorp Solutions, added: “We are extremely grateful to all our investors who are supporting us in our mission to serve the vastly underserved MSME sector supported by technology-led efficiencies. We also would like to extend our heartfelt gratitude to Beams Fintech Fund, who believed in our potential and has agreed to support our mission.
This fund raise significantly bolsters our capital position with Infinity’s net worth now above INR 600 crores and capital adequacy is 50%, much above the regulatory requirement of 15%.
Aided by the capital raise, our loan AUM crossed the INR 1,000 crore milestone. This also means that now we are classified as NBFC Middle Layer by RBI a huge testament to our teams’ humongous efforts in the past years.
I express my heartfelt gratitude to all our stakeholders who have been a key cog in our growth story.
We remain committed to serving the vast untapped MSME landscape of India which has a potential credit gap of INR 78 lakh crore; with our in-house capabilities to serve the Indian MSMEs and access to growth capital from our marquee investors, we will deepen our footprint and accelerate our mission of extending credit to MSMEs across the country.”
About Beams Fintech Fund
Beams Fintech Fund is a mid-market private equity fund managing an AUM of INR 900 crores focused on investing in category-leading Fintech, Financial Services, and B2B SaaS companies. With a diversified portfolio of high-growth businesses, Beams partners with visionary founders to drive scale, profitability, and long-term value creation.
Kinnary Nensee
