.2 min read Final Updated: Sep 11 2024|12:14 AM IST.Digital loaning platform FlexiLoans has actually elevated Rs 290 crore in Collection C funding from worldwide and also domestic capitalists, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, as well as existing real estate investor Maj Invest.FlexiLoans, which provides to business via a money flow-based lending version, will utilize the new financing to extend its own procedures, improve its own item offerings, and also reinforce its technological facilities, the business pointed out in a release.The fresh capital is going to help the provider develop its assets under control (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has disbursed over Rs 7,000 crore in financings around much more than 2,100 cities and also urban areas.." While as an NBFC our company will maintain raising funds as and when required, this financing must be good enough for us to expand to Rs 3,500 crore in AUM," mentioned Deepak Jain, founder, FlexiLoans.The firm is actually targeting to pay out around Rs 5,000 crore in car loans in FY25.In the following 3-4 years, the business may want to go public, Jain mentioned. "Our team intend to do it at the correct time when our team struck the best size and scale," he said, adding that the provider has been profitable for the final three years and also is targeting double-digit income in the present financial year as well as triple-digit revenues in the upcoming financial year." Our debt price is around 3.3 per cent since the June quarter. We have regularly stayed sub-5 percent as for credit scores prices are regarded," he pointed out.Unitus Financing acted as the unique expert to the transaction.Heretofore round, the firm increased resources from Sanjay and Falguni Nayar, Maj Invest, Fasanara Financing, in addition to various other popular loved ones offices.First Posted: Sep 11 2024|12:14 AM IST.