.2 min read Final Updated: Sep 11 2024|12:14 AM IST.Digital financing platform FlexiLoans has actually raised Rs 290 crore in Set C backing from international and residential capitalists, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, as well as existing client Maj Invest.FlexiLoans, which offers to small companies with a cash flow-based loaning design, will certainly use the fresh resources to increase its own procedures, enrich its product offerings, and boost its own technical structure, the company pointed out in a release.The new capital is going to help the provider develop its own resources under monitoring (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has paid out over Rs 7,000 crore in car loans around greater than 2,100 communities and also urban areas.." While as an NBFC our company will keep elevating funds as and when demanded, this capital must be good enough for us to increase to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The agency is actually targeting to pay around Rs 5,000 crore in loans in FY25.In the upcoming 3-4 years, the company might aim to go public, Jain pointed out. "We desire to do it at the correct time when our team hit the appropriate size and scale," he stated, incorporating that the firm has actually paid for the final 3 years as well as is actually targeting double-digit earnings in the existing fiscal year as well as triple-digit revenues in the next financial year." Our credit scores expense is around 3.3 per-cent as of the June fourth. Our team have actually consistently continued to be sub-5 per-cent regarding credit scores costs are regarded," he stated.Unitus Resources functioned as the special specialist to the purchase.Before this round, the business raised resources from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Capital, along with various other prominent family members workplaces.1st Posted: Sep 11 2024|12:14 AM IST.