.2 min checked out Last Upgraded: Sep 11 2024|12:14 AM IST.Digital lending system FlexiLoans has actually increased Rs 290 crore in Set C funding coming from international as well as residential investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, as well as existing investor Maj Invest.FlexiLoans, which gives to small businesses with a money flow-based financing model, are going to utilize the new funds to expand its functions, improve its item offerings, as well as boost its technological framework, the business claimed in a launch.The fresh resources will aid the firm expand its resources under control (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has actually paid over Rs 7,000 crore in financings around more than 2,100 towns and areas.." While as an NBFC our company will maintain raising funds as and when demanded, this resources ought to do us to expand to Rs 3,500 crore in AUM," stated Deepak Jain, co-founder, FlexiLoans.The company is targeting to pay out around Rs 5,000 crore in financings in FY25.In the upcoming 3-4 years, the firm might look to go public, Jain said. "We wish to do it at the correct time when our experts reached the ideal measurements and range," he claimed, including that the firm has actually paid for the last 3 years and also is actually targeting double-digit earnings in the present fiscal year and triple-digit profits in the upcoming financial year." Our credit rating expense is actually around 3.3 per cent since the June quarter. Our experts have actually constantly stayed sub-5 per-cent regarding credit history expenses are concerned," he pointed out.Unitus Capital worked as the special advisor to the deal.Heretofore sphere, the provider elevated funding from Sanjay and Falguni Nayar, Maj Invest, Fasanara Financing, along with various other famous loved ones offices.Initial Released: Sep 11 2024|12:14 AM IST.