.2 min read Last Updated: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has increased Rs 290 crore in Collection C funding coming from worldwide and domestic clients, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing capitalist Maj Invest.FlexiLoans, which lends to small companies via a money flow-based loan model, will certainly utilize the new financing to extend its procedures, enhance its own product offerings, and also enhance its own technological structure, the provider pointed out in a launch.The clean funds will certainly help the firm increase its own possessions under management (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has disbursed over Rs 7,000 crore in lendings around greater than 2,100 communities and urban areas.." While as an NBFC our company are going to always keep elevating funds as and when required, this capital needs to do our team to expand to Rs 3,500 crore in AUM," pointed out Deepak Jain, co-founder, FlexiLoans.The company is actually targeting to pay out around Rs 5,000 crore in car loans in FY25.In the upcoming 3-4 years, the firm could aim to go public, Jain said. "Our team intend to perform it at the right time when we reached the correct dimension and scale," he said, incorporating that the business has actually been profitable for the final three years as well as is actually targeting double-digit revenue in the current financial year and triple-digit revenues in the following financial year." Our credit history price is around 3.3 percent as of the June fourth. We have always remained sub-5 percent regarding credit report expenses are regarded," he pointed out.Unitus Capital functioned as the special advisor to the deal.Heretofore around, the business raised funding coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Capital, along with other popular family members offices.Initial Posted: Sep 11 2024|12:14 AM IST.