Beams Fintech Fund participates in Infinity Fincorp’s $40 million Series A round

02 Apr 2025, 05:29 PM

Infinity will use the capital for expanding the loan book and establishing deeper presence across the six states.

Team Head&Tale

Beams Fintech Fund, a growth-stage private equity fund focused on fintech and financial services, has participated as part of Infinity Fincorp Solutions' Series A extension of $40 million funding round. 

Infinity Fincorp, backed by True North LLP Private Equity Fund, has, recently secured equity investments from Jungle Ventures and Archerman Capital.

Led by Shrikant Ravalkar, Infinity Fincorp Solutions operates in the micro-LAP (Loan Against Property) financing space. It provides Rs 3-5 lakh loans for underserved micro-entrepreneurs like tea shop owners, vegetable vendors, small machine enterprises, restaurants, provision stores and many more businesses. 

The NBFC has 127 branches and is focussed on Tier 3 towns across Andhra Pradesh, Tamil Nadu, Telangana, Madhya Pradesh, and Rajasthan. It has a loan book of Rs 1100 crore as of January 2025 and projected to close FY2025 at Rs 1250 crore.

Infinity will use the capital for expanding the loan book and establishing 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 formalisation of the economy, rise in income levels and improving credit penetration in the country. 

Sagar Agarwal, founder and partner at Beams Fintech Fund, commented, “The MSME credit gap in India remains a significant untapped opportunity, estimated at ~Rs 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. This investment diversifies our financial services portfolio without competing with our other NBFC investments”

Infinity’s net worth is above Rs 600 crores and capital adequacy is 50%, much above the regulatory requirement of 15%.

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