Infinity Fincorp Solutions, a Mumbai-based non-banking financial company, has raised US$35 million in a funding round led by Jungle Ventures.

Existing investors Archerman Capital and Magnifico also participated.

This boosts Infinity’s net worth to 530 crore rupees (US$61.71 million), with a capital adequacy ratio of 62%, well above regulatory requirement of 15%.

Founded in 2016, Infinity Fincorp specializes in property loans for India’s micro, small, and medium enterprises (MSMEs).

The company operates 120 branches across eight states.