.2 minutes reviewed Last Updated: Sep 11 2024|12:14 AM IST.Digital borrowing platform FlexiLoans has actually increased Rs 290 crore in Set C financing coming from international and residential entrepreneurs, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and also existing client Maj Invest.FlexiLoans, which lends to business with a cash flow-based loan version, are going to utilize the new capital to expand its own procedures, boost its own product offerings, as well as boost its own technological commercial infrastructure, the business said in a release.The new capital will assist the company expand its possessions under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has actually paid over Rs 7,000 crore in lendings around much more than 2,100 towns and urban areas.." While as an NBFC we will definitely keep raising funds as and also when demanded, this funding should do us to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The organization is actually targeting to disburse around Rs 5,000 crore in lendings in FY25.In the next 3-4 years, the company might hope to go public, Jain pointed out. "We intend to perform it at the right time when our team struck the correct size as well as range," he stated, adding that the company has actually paid for the last three years and also is actually targeting double-digit revenue in the current financial year and also triple-digit incomes in the next fiscal year." Our credit report price is around 3.3 per-cent since the June quarter. Our team have regularly stayed sub-5 per-cent as for credit score expenses are actually involved," he pointed out.Unitus Funding acted as the exclusive expert to the deal.Before this round, the firm raised financing coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Resources, together with various other noticeable household workplaces.Initial Released: Sep 11 2024|12:14 AM IST.