New Delhi, June 11 -- MSME lending player Flexiloans is planning to enter two new lending segments while also diversifying into insurance for its customers and is actively looking for acquisitions to support these multiple forays, a top executive of the firm told Mint.

This comes as Flexiloans raised more funds in an extended series C round totalling Rs.665 crore from existing investors Fundamentum, Accion Digital Transformation, Nuveen, and Maj Invest, with new investor British International Investment joining the round.

Also read: Diderot's Curse and the BNPL Trap: Why India's middle class may be walking into a debt crisis

"We are looking at areas where we want to build up new products or new offerings for acquiring a larger share of...