.2 min reviewed Last Updated: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has actually raised Rs 290 crore in Collection C funding from international and domestic capitalists, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, as well as existing investor Maj Invest.FlexiLoans, which offers to small companies through a money flow-based financing version, will definitely make use of the new funding to grow its own operations, improve its own item offerings, and strengthen its own technological commercial infrastructure, the firm stated in a release.The fresh capital will definitely aid the company grow its own properties under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has disbursed over Rs 7,000 crore in fundings around greater than 2,100 cities and metropolitan areas.." While as an NBFC we will certainly maintain increasing funds as and when needed, this financing should do us to grow to Rs 3,500 crore in AUM," pointed out Deepak Jain, founder, FlexiLoans.The organization is targeting to pay around Rs 5,000 crore in finances in FY25.In the following 3-4 years, the firm may seek to go social, Jain claimed. "We intend to do it at the right time when our experts hit the correct size and also scale," he said, incorporating that the business has been profitable for the last three years and also is targeting double-digit revenue in the existing financial year as well as triple-digit profits in the next fiscal year." Our credit history expense is actually around 3.3 per-cent as of the June quarter. Our company have actually always stayed sub-5 per cent as for credit prices are actually involved," he pointed out.Unitus Resources served as the special expert to the transaction.Before this around, the provider raised financing from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Resources, together with various other noticeable family members offices.First Published: Sep 11 2024|12:14 AM IST.