.2 minutes read through Last Upgraded: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has raised Rs 290 crore in Collection C backing coming from worldwide as well as domestic investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and also existing capitalist Maj Invest.FlexiLoans, which offers to local business with a cash money flow-based loan version, will certainly utilize the fresh funds to broaden its procedures, boost its product offerings, and boost its technological facilities, the firm claimed in a release.The clean capital will certainly help the business expand its own resources under control (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has paid over Rs 7,000 crore in fundings across greater than 2,100 towns and also urban areas.." While as an NBFC our team will always keep increasing funds as and also when demanded, this resources ought to be good enough for us to develop to Rs 3,500 crore in AUM," mentioned Deepak Jain, founder, FlexiLoans.The organization is targeting to disburse around Rs 5,000 crore in financings in FY25.In the next 3-4 years, the company could seek to go public, Jain stated. "Our team intend to do it at the correct time when we hit the right measurements as well as range," he mentioned, incorporating that the business has paid for the last three years as well as is targeting double-digit profit in the present financial year as well as triple-digit earnings in the next financial year." Our credit price is around 3.3 per-cent since the June one-fourth. Our company have actually regularly continued to be sub-5 percent regarding credit rating prices are concerned," he pointed out.Unitus Financing worked as the special expert to the purchase.Before this around, the firm elevated financing coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funds, in addition to other prominent household workplaces.1st Released: Sep 11 2024|12:14 AM IST.