.2 minutes read Final Updated: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has actually elevated Rs 290 crore in Collection C backing from international and also domestic clients, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and existing investor Maj Invest.FlexiLoans, which provides to small companies with a cash flow-based financing version, will use the clean resources to expand its operations, enrich its own item offerings, and also enhance its technical infrastructure, the business said in a release.The fresh resources will certainly help the company develop its properties under monitoring (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has disbursed over Rs 7,000 crore in fundings across greater than 2,100 communities and also areas.." While as an NBFC our team will definitely keep elevating funds as and when demanded, this resources needs to be good enough for our company to increase to Rs 3,500 crore in AUM," mentioned Deepak Jain, founder, FlexiLoans.The organization is targeting to pay out around Rs 5,000 crore in financings in FY25.In the upcoming 3-4 years, the provider may try to go public, Jain claimed. "Our experts intend to do it at the right time when we attacked the appropriate size as well as scale," he stated, incorporating that the business has actually been profitable for the last three years and is targeting double-digit profit in the present financial year and triple-digit incomes in the following fiscal year." Our debt price is around 3.3 per cent since the June fourth. Our company have actually consistently remained sub-5 percent as for credit costs are involved," he pointed out.Unitus Financing served as the special specialist to the transaction.Before this round, the business raised funding coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, alongside other prominent household offices.Very First Published: Sep 11 2024|12:14 AM IST.