.2 min read through Final Upgraded: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has actually raised Rs 290 crore in Collection C financing coming from international and residential investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, and existing entrepreneur Maj Invest.FlexiLoans, which provides to business via a cash money flow-based lender style, will certainly utilize the clean resources to expand its procedures, boost its product offerings, and also strengthen its technical infrastructure, the firm mentioned in a launch.The new capital is going to help the firm develop its own possessions under administration (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has actually paid out over Rs 7,000 crore in car loans all over greater than 2,100 towns as well as areas.." While as an NBFC we will keep raising funds as and when needed, this financing must be good enough for us to grow to Rs 3,500 crore in AUM," stated Deepak Jain, founder, FlexiLoans.The agency is actually targeting to pay out around Rs 5,000 crore in finances in FY25.In the next 3-4 years, the firm might aim to go social, Jain pointed out. "We intend to perform it at the right time when our company struck the best dimension as well as range," he mentioned, adding that the company has actually been profitable for the final 3 years and also is actually targeting double-digit income in the existing fiscal year and triple-digit revenues in the following fiscal year." Our credit score price is around 3.3 percent since the June one-fourth. Our team have actually regularly remained sub-5 percent regarding debt prices are actually worried," he said.Unitus Funding worked as the special advisor to the deal.Before this sphere, the firm raised resources from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, along with various other popular loved ones offices.1st Published: Sep 11 2024|12:14 AM IST.