.2 min reviewed Final Updated: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has increased Rs 290 crore in Collection C funding coming from international and also domestic entrepreneurs, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and existing client Maj Invest.FlexiLoans, which gives to small businesses through a cash flow-based borrowing style, will use the clean resources to extend its own procedures, enhance its own item offerings, as well as enhance its technological framework, the company stated in a release.The new resources will definitely assist the firm develop its own properties under control (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has paid out over Rs 7,000 crore in lendings all over greater than 2,100 cities and also areas.." While as an NBFC our company will definitely keep increasing funds as and also when called for, this funds should do our team to develop to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The organization is actually targeting to pay around Rs 5,000 crore in loans in FY25.In the following 3-4 years, the business might aim to go social, Jain pointed out. "We wish to perform it at the right time when our company reached the right size as well as range," he claimed, incorporating that the company has paid for the final 3 years and also is targeting double-digit earnings in the existing fiscal year and also triple-digit incomes in the next financial year." Our credit scores expense is actually around 3.3 per cent as of the June one-fourth. Our experts have consistently continued to be sub-5 percent regarding credit report costs are concerned," he said.Unitus Funding functioned as the special consultant to the transaction.Heretofore sphere, the business elevated financing coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, together with other prominent family offices.Very First Published: Sep 11 2024|12:14 AM IST.