.2 min read through Final Upgraded: Sep 11 2024|12:14 AM IST.Digital lending system FlexiLoans has increased Rs 290 crore in Collection C funding coming from international and residential clients, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, as well as existing capitalist Maj Invest.FlexiLoans, which lends to small companies with a cash flow-based lender version, will make use of the fresh financing to expand its own procedures, enhance its own item offerings, as well as boost its own technological commercial infrastructure, the firm claimed in a launch.The clean resources will definitely help the provider grow its own properties under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has disbursed over Rs 7,000 crore in car loans across greater than 2,100 towns and urban areas.." While as an NBFC our experts are going to keep elevating funds as and also when needed, this funding ought to do us to expand to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The company is actually targeting to disburse around Rs 5,000 crore in fundings in FY25.In the upcoming 3-4 years, the firm could hope to go public, Jain said. "Our experts desire to do it at the correct time when our team hit the ideal size as well as scale," he pointed out, incorporating that the company has paid for the final three years as well as is targeting double-digit earnings in the existing fiscal year and triple-digit incomes in the following financial year." Our credit cost is actually around 3.3 per cent as of the June quarter. Our team have actually always continued to be sub-5 per cent as for credit score prices are actually involved," he mentioned.Unitus Capital served as the exclusive advisor to the deal.Heretofore sphere, the company raised funding from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funding, together with other noticeable loved ones workplaces.1st Released: Sep 11 2024|12:14 AM IST.