Beams Fintech Fund Invests in NBFC Infinity Fincorp

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