.2 min read Final Updated: Sep 11 2024|12:14 AM IST.Digital borrowing system FlexiLoans has actually raised Rs 290 crore in Collection C backing from international and also domestic financiers, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, as well as existing client Maj Invest.FlexiLoans, which gives to small companies by means of a money flow-based lending design, will definitely use the fresh financing to increase its own procedures, boost its item offerings, as well as reinforce its own technical infrastructure, the company said in a launch.The new resources is going to help the company expand its resources under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has actually paid over Rs 7,000 crore in finances all over much more than 2,100 communities and also urban areas.." While as an NBFC we will always keep elevating funds as and when required, this financing should be good enough for our team to expand to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The agency is targeting to disburse around Rs 5,000 crore in lendings in FY25.In the next 3-4 years, the firm may want to go public, Jain said. "Our company wish to do it at the correct time when our team attacked the correct measurements as well as scale," he stated, including that the firm has paid for the final 3 years and is targeting double-digit earnings in the existing fiscal year and triple-digit revenues in the upcoming financial year." Our credit rating cost is around 3.3 percent since the June one-fourth. Our team have actually consistently stayed sub-5 per-cent as far as credit scores costs are actually worried," he mentioned.Unitus Financing served as the unique expert to the purchase.Before this round, the business raised financing coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, in addition to other popular loved ones offices.Very First Published: Sep 11 2024|12:14 AM IST.