.2 minutes read Final Upgraded: Sep 11 2024|12:14 AM IST.Digital financing platform FlexiLoans has actually raised Rs 290 crore in Collection C funding coming from international and also residential clients, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, and also existing client Maj Invest.FlexiLoans, which offers to small companies via a money flow-based lending style, will certainly utilize the new funds to broaden its own functions, improve its product offerings, and also enhance its technological framework, the business pointed out in a release.The new funds is going to aid the provider expand its assets under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid over Rs 7,000 crore in loans across greater than 2,100 towns and also urban areas.." While as an NBFC our experts will definitely always keep raising funds as and also when demanded, this resources must do our company to develop to Rs 3,500 crore in AUM," pointed out Deepak Jain, co-founder, FlexiLoans.The company is targeting to pay around Rs 5,000 crore in fundings in FY25.In the following 3-4 years, the company might aim to go social, Jain pointed out. "Our experts desire to perform it at the right time when our experts hit the appropriate measurements and scale," he said, adding that the company has actually paid for the final 3 years as well as is targeting double-digit revenue in the present fiscal year and triple-digit earnings in the following financial year." Our credit score cost is actually around 3.3 percent as of the June one-fourth. Our experts have regularly continued to be sub-5 percent as for credit report expenses are actually concerned," he stated.Unitus Funds functioned as the unique specialist to the transaction.Heretofore round, the business increased funding from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, together with various other popular loved ones workplaces.First Released: Sep 11 2024|12:14 AM IST.