Key Highlights
- Beams Fintech Fund has invested in Infinity Fincorp Solutions Pvt Ltd, a non-banking financial company (NBFC).
- The investment is part of Infinity’s extended Series A funding round, which raised a total of $40 million (₹342 crore).
- Jungle Ventures, Archerman Capital, and Magnifico previously led the round with a $35 million (₹300 crore) investment in January.
- True North, an existing investor, has been backing Infinity Fincorp since 2016 and added more funds in 2017 and 2018.
About Beams Fintech Fund:
- Beams is a growth-stage private equity (PE) firm focused on financial services and fintech companies.
- This marks Beams’ sixth investment, following stakes in:
- InsuranceDekho (also led a $70M round last month)
- SK Finance
- NiYO Solutions
- Credgenics
- Progcap
About Infinity Fincorp Solutions:
- Infinity Fincorp specializes in small-ticket loans (₹3-5 lakh) to underserved micro-entrepreneurs, including:
- Tea shop owners
- Vegetable vendors
- Small machine enterprises
- Restaurants
- Provision stores
Beams’ investment in Infinity Fincorp signals strong investor confidence in the NBFC’s mission to support micro-entrepreneurs. With backing from major investors like Jungle Ventures, True North, and Beams Fintech Fund, Infinity is poised for further expansion in India’s microfinance sector.
Mint
