.2 minutes checked out Final Updated: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has actually raised Rs 290 crore in Collection C financing coming from worldwide and also residential entrepreneurs, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and existing investor Maj Invest.FlexiLoans, which offers to small businesses by means of a money flow-based finance model, are going to make use of the fresh resources to grow its own procedures, boost its own item offerings, as well as boost its own technological facilities, the provider pointed out in a release.The fresh financing is going to assist the business grow its assets under control (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has paid over Rs 7,000 crore in lendings throughout more than 2,100 cities and also areas.." While as an NBFC our experts are going to always keep elevating funds as and when called for, this funds needs to be good enough for our team to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The firm is actually targeting to pay around Rs 5,000 crore in financings in FY25.In the next 3-4 years, the business may hope to go public, Jain claimed. "Our company want to do it at the correct time when our team struck the right measurements and range," he said, including that the provider has actually paid for the final three years and is targeting double-digit revenue in the existing financial year as well as triple-digit revenues in the upcoming fiscal year." Our credit rating cost is actually around 3.3 per cent as of the June quarter. Our company have consistently stayed sub-5 per cent as for debt costs are involved," he said.Unitus Resources served as the exclusive specialist to the deal.Before this around, the firm raised resources coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, along with other noticeable household workplaces.Initial Released: Sep 11 2024|12:14 AM IST.