.2 minutes checked out Final Upgraded: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has actually raised Rs 290 crore in Set C backing coming from international as well as residential entrepreneurs, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, as well as existing entrepreneur Maj Invest.FlexiLoans, which gives to small businesses via a cash money flow-based borrowing model, are going to utilize the fresh funding to increase its own functions, boost its own item offerings, and strengthen its technological infrastructure, the firm mentioned in a launch.The fresh capital is going to help the company expand its properties under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has actually paid out over Rs 7,000 crore in fundings across more than 2,100 towns as well as cities.." While as an NBFC we are going to always keep increasing funds as and also when called for, this funds ought to do our company to grow to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The organization is targeting to disburse around Rs 5,000 crore in loans in FY25.In the following 3-4 years, the company could try to go social, Jain claimed. "Our company wish to do it at the right time when our team struck the correct dimension and also range," he claimed, adding that the company has been profitable for the last three years and is actually targeting double-digit earnings in the present financial year as well as triple-digit profits in the following financial year." Our credit scores price is actually around 3.3 per-cent since the June quarter. We have consistently continued to be sub-5 per cent as far as credit rating prices are actually concerned," he said.Unitus Funding served as the exclusive specialist to the deal.Heretofore around, the firm raised funds coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, together with various other prominent loved ones workplaces.1st Posted: Sep 11 2024|12:14 AM IST.