.2 minutes read Last Upgraded: Sep 11 2024|12:14 AM IST.Digital borrowing platform FlexiLoans has actually raised Rs 290 crore in Set C funding from worldwide as well as domestic clients, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and also existing financier Maj Invest.FlexiLoans, which offers to small companies by means of a money flow-based lending version, will definitely make use of the new funding to broaden its functions, boost its own item offerings, as well as enhance its own technological structure, the company said in a release.The fresh funding will definitely help the provider increase its assets under monitoring (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has actually paid out over Rs 7,000 crore in lendings around greater than 2,100 communities and cities.." While as an NBFC our experts are going to keep elevating funds as and when needed, this funds should be good enough for our team to expand to Rs 3,500 crore in AUM," stated Deepak Jain, founder, FlexiLoans.The organization is targeting to pay out around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the provider might look to go public, Jain stated. "Our company desire to perform it at the correct time when our experts reached the appropriate dimension and also range," he pointed out, adding that the provider has actually paid for the final three years as well as is actually targeting double-digit earnings in the current financial year and also triple-digit incomes in the upcoming financial year." Our credit scores price is actually around 3.3 percent since the June one-fourth. Our team have always stayed sub-5 per cent as far as debt prices are involved," he stated.Unitus Capital worked as the special specialist to the deal.Heretofore round, the firm raised financing from Sanjay and Falguni Nayar, Maj Invest, Fasanara Resources, in addition to other noticeable family offices.Initial Published: Sep 11 2024|12:14 AM IST.