.2 min reviewed Last Updated: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has elevated Rs 290 crore in Collection C funding coming from global and residential capitalists, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, and existing real estate investor Maj Invest.FlexiLoans, which offers to local business with a cash flow-based borrowing design, will make use of the new funding to grow its operations, boost its item offerings, and also boost its technological framework, the provider said in a launch.The fresh resources is going to assist the provider expand its possessions under control (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has actually paid over Rs 7,000 crore in fundings across much more than 2,100 cities and also metropolitan areas.." While as an NBFC we will maintain raising funds as and when called for, this financing must be good enough for our team to grow to Rs 3,500 crore in AUM," stated Deepak Jain, co-founder, FlexiLoans.The company is actually targeting to pay around Rs 5,000 crore in loans in FY25.In the next 3-4 years, the provider might aim to go social, Jain said. "Our company want to perform it at the right time when our company hit the appropriate size as well as range," he pointed out, adding that the provider has been profitable for the last 3 years and is actually targeting double-digit income in the present fiscal year as well as triple-digit earnings in the next fiscal year." Our credit history price is around 3.3 per-cent as of the June quarter. We have actually constantly continued to be sub-5 per cent regarding credit score costs are regarded," he claimed.Unitus Capital acted as the unique expert to the purchase.Before this round, the firm increased funds coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Financing, together with various other noticeable family members offices.Initial Released: Sep 11 2024|12:14 AM IST.