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Beams Fintech Fund Backs NBFC Infinity Fincorp in Series A Round

3 April 20251 min read
BANKING & FINANCEBeams FintechFund Backs NBFCInfinity Fincorp inSeries A Round3 April 2025safalsetu.com

Why in the news

A fintech-focused private equity fund joined the extended Series A of a small-loan NBFC.

Key facts

  • Investor: Beams Fintech Fund, a growth-stage PE firm; its sixth investment.
  • Investee: Infinity Fincorp Solutions Pvt Ltd, an NBFC.
  • Round size: $40 million (₹342 crore), after $35 million (₹300 crore) led in January by Jungle Ventures, Archerman Capital and Magnifico.
  • True North has backed Infinity since 2016.

About Infinity Fincorp

  • Offers ₹3-5 lakh loans to micro-entrepreneurs such as tea stall owners, vegetable vendors and provision stores.

Significance

The deal signals investor confidence in microfinance-style lending and further expansion.

Exam angle

  • Funding stage: Series A; lender type: NBFC.

Test yourself

1. What is the total size of Infinity Fincorp's extended Series A round after Beams' investment?

The extended Series A raised $40 million (₹342 crore) in total.

2. Which existing investor has backed Infinity Fincorp since 2016?

True North has supported the NBFC since 2016, adding funds in 2017 and 2018.

3. Infinity Fincorp mainly offers loans of what size to micro-entrepreneurs?

It specialises in small-ticket loans of ₹3-5 lakh.

This topic is part of Daily Current Affairs 3 April 2025 (23 topics).

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