.2 min reviewed Last Upgraded: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has increased Rs 290 crore in Collection C backing from international and domestic entrepreneurs, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, as well as existing financier Maj Invest.FlexiLoans, which gives to business via a cash flow-based finance version, will use the fresh funding to grow its procedures, improve its product offerings, and also strengthen its own technological facilities, the firm pointed out in a launch.The clean resources will definitely help the firm expand its own properties under control (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has actually paid over Rs 7,000 crore in fundings all over greater than 2,100 communities and metropolitan areas.." While as an NBFC our company are going to keep increasing funds as and when required, this funding needs to do us to increase to Rs 3,500 crore in AUM," pointed out Deepak Jain, founder, FlexiLoans.The organization is targeting to disburse around Rs 5,000 crore in finances in FY25.In the upcoming 3-4 years, the business may want to go social, Jain pointed out. "Our experts intend to do it at the right time when our experts struck the correct size as well as scale," he mentioned, incorporating that the firm has actually been profitable for the last three years and also is actually targeting double-digit income in the present financial year as well as triple-digit profits in the upcoming financial year." Our credit rating price is actually around 3.3 per-cent since the June fourth. Our company have actually constantly stayed sub-5 per cent as for credit history costs are involved," he said.Unitus Funding functioned as the special consultant to the purchase.Before this around, the company raised funding coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Financing, alongside various other popular loved ones workplaces.1st Released: Sep 11 2024|12:14 AM IST.