Mumbai, May 2 -- Mumbai-based non-banking financial company (NBFC) Infinity Fincorp Solutions has raised an additional USD 8 million in funding from Archerman Capital.

The NBFC plans to utilise the funds to expand credit accessibility for micro-entrepreneurs and small businesses in Tier III and IV cities and towns across India.

This investment is an extension of Infinity's $26 million funding round led by Jungle Ventures and Magnifico last month, bringing the total amount raised in this round to $34 million.

Shrikant Ravalkar, Founder, Managing Director and CEO, Infinity Fincorp, expressed his delight at attracting global venture capital funds, calling it a testament to the company's strategic focus and execution capabilities.

He emph...