FlexiLoans targets ₹10,000 crore book in three years, betting on co-lending and embedded finance
MSME lender FlexiLoans aims to grow from more than ₹3,000 crore in AUM to a ₹10,000 crore book within three years. The company is leaning on bank co-lending, 100-plus embedded partnerships and AI underwriting, with 62% of borrowers coming from Tier II-IV markets.
What happened
FlexiLoans, an MSME business and supply-chain lender, targets a ₹10,000 crore book within three years from over ₹3,000 crore AUM, relying on bank co-lending,
Key facts
- ₹3,000 crore assets under management
- ₹10,000 crore book-size target
- ₹25 trillion MSME credit gap
- 100+ embedded partnerships
- 62% of borrowers from Tier II-IV markets
Why this matters
FlexiLoans’ planned scale-up could widen fast, embedded credit access for smaller retailers and suppliers, especially across Tier II-IV markets, but borrowers should assess pricing and lender-partner reliability.
What to watch
- Quarterly AUM growth, disbursal growth and the share of co-lending-funded originations.
- GNPA, net credit losses, collection efficiency and restructuring trends in unsecured and merchant loan cohorts.
- Number, scale and retention of bank co-lending partners, including any changes in partner underwriting criteria.
- Growth in embedded-finance partners and the conversion rate of eligible merchants into borrowers.
- RBI digital-lending, outsourcing, first-loss-default-guarantee and data-use rule implementation.