India, April 2 -- Mumbai-based non-banking financial company (NBFC) Infinity Fincorp Solutions has onboarded Beams Fintech Fund to its captable as a part of its $40 Mn (around INR 342 Cr) extended Series A funding round.

This comes three months after the startup raised $35 Mn in its Series A funding round led by existing investor Jungle Ventures, along with participation from Archerman Capital and Magnifico.

The NBFC plans to deploy the fresh proceeds to expand its micro, small and medium enterprises (MSMEs) lending offerings.

Founded in 2016 by Shrikant Ravalkar, Infinity Fincorp addresses challenge of cash flow requirements for small-sized businesses and self-employed individuals in the country.

The startup provides small ticket loa...