.2 minutes read Final Upgraded: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has actually raised Rs 290 crore in Set C funding coming from international and also domestic investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing client Maj Invest.FlexiLoans, which provides to small businesses via a cash money flow-based lender design, will make use of the new funds to increase its own operations, enhance its item offerings, and also reinforce its own technological structure, the business claimed in a release.The clean capital will aid the business develop its own resources under control (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has disbursed over Rs 7,000 crore in lendings all over much more than 2,100 communities and cities.." While as an NBFC our team will definitely keep increasing funds as and also when demanded, this financing ought to be good enough for our team to develop to Rs 3,500 crore in AUM," mentioned Deepak Jain, co-founder, FlexiLoans.The firm is targeting to pay out around Rs 5,000 crore in financings in FY25.In the upcoming 3-4 years, the business could try to go public, Jain mentioned. "Our experts desire to perform it at the right time when we hit the appropriate size and also scale," he said, including that the provider has actually paid for the final three years as well as is targeting double-digit earnings in the current financial year and also triple-digit revenues in the next fiscal year." Our credit scores price is actually around 3.3 per-cent as of the June quarter. Our company have actually constantly remained sub-5 percent as far as credit scores prices are concerned," he claimed.Unitus Funding acted as the exclusive specialist to the purchase.Before this around, the provider elevated funding from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, in addition to other prominent loved ones workplaces.1st Published: Sep 11 2024|12:14 AM IST.