.2 min reviewed Final Upgraded: Sep 11 2024|12:14 AM IST.Digital loaning platform FlexiLoans has raised Rs 290 crore in Collection C funding coming from worldwide and also domestic investors, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and also existing client Maj Invest.FlexiLoans, which lends to local business with a cash flow-based lender model, will certainly utilize the clean capital to grow its operations, enrich its own item offerings, and also enhance its technological facilities, the company pointed out in a launch.The new capital will definitely assist the business expand its properties under control (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has actually paid out over Rs 7,000 crore in lendings all over much more than 2,100 towns as well as cities.." While as an NBFC we are going to keep increasing funds as and also when needed, this resources must do us to grow to Rs 3,500 crore in AUM," mentioned Deepak Jain, co-founder, FlexiLoans.The organization is targeting to pay out around Rs 5,000 crore in lendings in FY25.In the upcoming 3-4 years, the company may seek to go social, Jain stated. "Our team desire to perform it at the right time when our company attacked the right dimension and also range," he claimed, adding that the business has actually paid for the final 3 years and also is actually targeting double-digit earnings in the current financial year and also triple-digit earnings in the next financial year." Our credit scores expense is actually around 3.3 per-cent as of the June fourth. We have constantly stayed sub-5 percent as for credit rating expenses are involved," he said.Unitus Financing worked as the exclusive consultant to the deal.Before this around, the company increased resources coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, in addition to other prominent family members workplaces.Very First Released: Sep 11 2024|12:14 AM IST.