.2 minutes reviewed Last Improved: Sep 11 2024|12:14 AM IST.Digital financing system FlexiLoans has actually raised Rs 290 crore in Collection C financing from global and domestic investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing financier Maj Invest.FlexiLoans, which gives to local business with a money flow-based lender style, will certainly make use of the new funds to increase its own procedures, boost its own product offerings, and strengthen its own technical framework, the business claimed in a release.The new resources will assist the business increase its own assets under control (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has actually disbursed over Rs 7,000 crore in fundings across much more than 2,100 communities and areas.." While as an NBFC our experts will maintain raising funds as and when called for, this funds needs to be good enough for us to increase to Rs 3,500 crore in AUM," stated Deepak Jain, founder, FlexiLoans.The agency is targeting to disburse around Rs 5,000 crore in car loans in FY25.In the upcoming 3-4 years, the business might try to go public, Jain stated. "Our company want to perform it at the right time when our company struck the best dimension as well as range," he mentioned, including that the firm has actually paid for the final three years as well as is targeting double-digit revenue in the present financial year and also triple-digit earnings in the upcoming fiscal year." Our credit expense is actually around 3.3 per-cent since the June fourth. We have actually constantly continued to be sub-5 percent as far as credit report costs are actually involved," he mentioned.Unitus Capital acted as the exclusive expert to the transaction.Before this around, the firm raised capital from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, alongside various other prominent loved ones offices.Initial Published: Sep 11 2024|12:14 AM IST.