FlexiLoans
FlexiLoans is an online financing platform, based out of Mumbai,[1][2] which provides unsecured working capital loans to small and medium-sized businesses.[3] It was founded in November 2015 and incorporated in 2016.
History[edit]
FlexiLoans has been founded by four Indian School of Business alumni from the batch of 2008-09.
- Deepak Jain, CA and ex-investment banker, a Vice President at Axis Capital (Former Enam Securities)[4]
- Manish Lunia, CA and former Assistant Vice President at Aditya Birla Group‘s M&A unit[5]
- Ritesh Jain, CA and former CFO of Housing and [6]
- Abhishek Kothari, an IIT Bombay alumnus, and a data science professional, previously Vice President at Fractal Analytics (Europe) and Barclaycard (UK)
It raised Rs100 crores in October 2016 from industry stalwarts such as Sanjay Nayar, CEO, KKR; Vikram Sud, the former head of ops and technology at Citibank Asia Pacific; Anil Jaggia, Chief Information Officer, HDFC Bank, and Narayan Seshadri, ex-MD of KPMG’s advisory business. This was one of the largest first round by any Indian startup till date.[7]. FlexiLoans raised Rs. 45 Cr. in debt funding in Dec, 2017.[8][9][10][11]
Acquisitions[edit]
In May 2017, FlexiLoans acquired CreditPeriod, a Mumbai-based supply chain financing platform to expand into the nascent and growing sector.[12][13][14]
References[edit]
- ↑ "Flexiloans Technologies Pvt. Ltd.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-07-01.
- ↑ "FlexiLoans | crunchbase". www.crunchbase.com. Retrieved 2017-07-01.
- ↑ "Limeroad to team up with FlexiLoans for easy loan access to Online Sellers | IndianOnlineSeller.com". indianonlineseller.com. Retrieved 2017-07-01.
- ↑ www.ETtech.com. "FlexiLoans raises Rs 100 Cr from Sanjay Nayar, Vikram Sud and others - ETtech". ETtech.com. Retrieved 2017-07-01.
- ↑ "Manish Lunia (FlexiLoans Technologies Pvt. Ltd)". www.startupgrind.com. Retrieved 2017-07-01.
- ↑ "Former Housing.com CFO Ritesh Jain floats online lending startup with two others". Techcircle.in - India startups, internet, mobile, e-commerce, software, online businesses, technology, venture capital, angel, seed funding. 2016-07-08. Retrieved 2017-07-01.
- ↑ "India: KKR's Sanjay Nayar-backed FlexiLoans plans to expand". www.dealstreetasia.com. Retrieved 2017-07-01.
- ↑ "FlexiLoans raises Rs 45 crore debt fund from financial institutions". Moneycontrol. Retrieved 2018-02-01.
- ↑ "Digital Lending Platform FlexiLoans Raises $7 Mn In Debt Funding". Inc42 Media. 2017-12-08. Retrieved 2018-02-01.
- ↑ "Digital lending firm FlexiLoans raises Rs 45 Cr in debt funding". Entrackr. 2017-12-08. Retrieved 2018-02-01.
- ↑ Bureau, BW Online. "FlexiLoans com Raises Maiden Institutional Debt Fund of Rs 45 Crore". BW Disrupt. Retrieved 2018-02-01.
- ↑ Dutta, Vishal (2017-05-22). "FlexiLoans acquires CreditPeriod.com". The Economic Times. Retrieved 2017-07-01.
- ↑ "FlexiLoans.com acquires CreditPeriod.com - Times of India". The Times of India. Retrieved 2017-07-01.
- ↑ "Online Lending Startup FlexiLoans Acquires CreditPeriod To Increase Offerings - Inc42 Media". Inc42 Media. 2017-05-22. Retrieved 2018-02-01.
External links[edit]
{{#set:Technical tag=Article from Wikipedia}}{{#set:priority= }} {{#set:PageName=FlexiLoans }}
This article "FlexiLoans" is from Wikipedia. The list of its authors can be seen in its historical. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.{{#set:Article=true}}
