.2 minutes checked out Final Upgraded: Sep 11 2024|12:14 AM IST.Digital lender platform FlexiLoans has actually increased Rs 290 crore in Series C backing from global and residential entrepreneurs, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, as well as existing client Maj Invest.FlexiLoans, which offers to small companies with a money flow-based loan model, will utilize the fresh resources to grow its own procedures, improve its own product offerings, and also strengthen its technological structure, the provider pointed out in a release.The new funding will definitely assist the company grow its own possessions under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has actually disbursed over Rs 7,000 crore in fundings around much more than 2,100 cities and also urban areas.." While as an NBFC our experts are going to maintain increasing funds as and also when required, this financing must be good enough for our team to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The organization is targeting to disburse around Rs 5,000 crore in loans in FY25.In the following 3-4 years, the company could aim to go public, Jain mentioned. "Our team desire to do it at the right time when our experts struck the best size as well as range," he stated, including that the provider has actually paid for the final 3 years and also is actually targeting double-digit income in the existing financial year as well as triple-digit incomes in the following financial year." Our credit cost is around 3.3 percent since the June fourth. We have actually regularly remained sub-5 per cent as for credit rating costs are concerned," he pointed out.Unitus Resources functioned as the exclusive advisor to the transaction.Heretofore sphere, the company elevated funds from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Capital, together with various other famous loved ones workplaces.1st Posted: Sep 11 2024|12:14 AM IST.