.2 minutes read Final Updated: Sep 11 2024|12:14 AM IST.Digital loaning system FlexiLoans has increased Rs 290 crore in Collection C funding coming from international as well as residential capitalists, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing financier Maj Invest.FlexiLoans, which provides to small companies with a cash flow-based finance design, will certainly utilize the clean capital to extend its procedures, enrich its product offerings, and boost its own technological commercial infrastructure, the firm pointed out in a release.The new resources will definitely aid the provider expand its assets under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has disbursed over Rs 7,000 crore in financings around more than 2,100 towns as well as urban areas.." While as an NBFC we will keep increasing funds as and when demanded, this funds needs to be good enough for our team to grow to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The agency is targeting to disburse around Rs 5,000 crore in car loans in FY25.In the following 3-4 years, the business might try to go public, Jain claimed. "Our company desire to do it at the correct time when our experts attacked the correct size as well as range," he stated, incorporating that the business has actually paid for the last 3 years and is actually targeting double-digit revenue in the existing fiscal year and also triple-digit incomes in the next fiscal year." Our credit history price is around 3.3 percent as of the June fourth. Our team have always stayed sub-5 percent regarding credit score prices are concerned," he claimed.Unitus Funding functioned as the unique consultant to the transaction.Before this around, the company increased funding coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funds, in addition to other prominent household workplaces.1st Released: Sep 11 2024|12:14 AM IST.