.2 min read through Last Upgraded: Sep 11 2024|12:14 AM IST.Digital financing platform FlexiLoans has increased Rs 290 crore in Collection C backing coming from global and also residential financiers, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, and existing real estate investor Maj Invest.FlexiLoans, which lends to small businesses through a money flow-based loan style, will certainly utilize the fresh funding to expand its own operations, enrich its product offerings, as well as boost its technological structure, the provider said in a release.The clean capital will certainly help the business expand its assets under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has disbursed over Rs 7,000 crore in finances all over greater than 2,100 cities and metropolitan areas.." While as an NBFC our team are going to always keep elevating funds as and also when called for, this funding should be good enough for our company to develop to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The organization is actually targeting to disburse around Rs 5,000 crore in lendings in FY25.In the upcoming 3-4 years, the provider may hope to go social, Jain stated. "Our team would like to perform it at the correct time when we reached the appropriate dimension and also scale," he pointed out, including that the company has been profitable for the last three years and also is actually targeting double-digit revenue in the existing financial year as well as triple-digit incomes in the next financial year." Our credit rating expense is around 3.3 percent as of the June one-fourth. Our team have always continued to be sub-5 percent as far as credit score prices are concerned," he pointed out.Unitus Funding functioned as the unique expert to the purchase.Heretofore sphere, the company increased funds coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funds, alongside various other famous loved ones offices.First Published: Sep 11 2024|12:14 AM IST.