India, May 2 -- Mumbai-based Infinity Fincorp Solutions, a non-banking financial company, has secured an additional $8 Mn (around INR 66.7 Cr) funding from Archerman Capital.

The round is an extension to Infinity's $26 Mn funding round led by Jungle Ventures, with participation from Magnifico, last month.

The new investment brings the total amount raised in this round to $34 Mn (around INR 283 Cr) and total assets under management (AUM) to INR 800 Cr (around $100 Mn).

The NBFC plans to use the fresh funds to ramp up its credit accessibility to micro-entrepreneurs and small businesses in Tier III and IV cities and towns across India.

Shrikant Ravalkar, founder, managing director and CEO of Infinity, said, "The current equity fundraise,...