.2 minutes reviewed Last Improved: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has actually increased Rs 290 crore in Collection C financing from global and also domestic clients, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and also existing entrepreneur Maj Invest.FlexiLoans, which provides to small companies with a money flow-based finance design, are going to use the new funds to grow its own functions, enhance its product offerings, and reinforce its technological commercial infrastructure, the company said in a release.The clean capital will definitely assist the provider develop its properties under management (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has actually paid out over Rs 7,000 crore in financings all over more than 2,100 cities as well as areas.." While as an NBFC our experts will certainly always keep increasing funds as and also when required, this capital needs to do our team to expand to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The agency is actually targeting to pay out around Rs 5,000 crore in car loans in FY25.In the next 3-4 years, the company may seek to go social, Jain stated. "Our experts wish to perform it at the right time when our team attacked the right dimension and also scale," he said, including that the provider has actually paid for the last 3 years as well as is actually targeting double-digit earnings in the present financial year and triple-digit earnings in the following financial year." Our credit scores cost is actually around 3.3 percent since the June one-fourth. Our experts have actually always continued to be sub-5 percent as for credit scores costs are involved," he claimed.Unitus Resources functioned as the exclusive specialist to the transaction.Before this sphere, the business elevated funding coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, alongside various other popular family workplaces.Initial Released: Sep 11 2024|12:14 AM IST.