.2 min reviewed Final Updated: Sep 11 2024|12:14 AM IST.Digital finance system FlexiLoans has actually elevated Rs 290 crore in Collection C financing from global and also residential entrepreneurs, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, as well as existing entrepreneur Maj Invest.FlexiLoans, which gives to local business by means of a cash flow-based financing design, will use the new resources to increase its own operations, enhance its product offerings, and reinforce its technical infrastructure, the firm pointed out in a release.The fresh capital is going to aid the company expand its possessions under administration (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid out over Rs 7,000 crore in fundings across greater than 2,100 communities and also areas.." While as an NBFC our team will always keep increasing funds as and also when called for, this funding needs to do our company to grow to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The company is actually targeting to pay around Rs 5,000 crore in lendings in FY25.In the next 3-4 years, the provider might try to go social, Jain stated. "We intend to perform it at the correct time when our team reached the appropriate dimension as well as range," he said, including that the provider has actually been profitable for the final three years and also is targeting double-digit revenue in the current financial year and triple-digit revenues in the upcoming fiscal year." Our credit history expense is around 3.3 per cent as of the June fourth. Our team have consistently stayed sub-5 per-cent as for credit report prices are actually regarded," he claimed.Unitus Capital acted as the unique expert to the deal.Heretofore round, the firm raised capital from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Resources, along with other noticeable family members offices.1st Published: Sep 11 2024|12:14 AM IST.