.2 min checked out Final Updated: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has elevated Rs 290 crore in Collection C funding from global and domestic financiers, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and existing entrepreneur Maj Invest.FlexiLoans, which lends to business through a cash money flow-based finance model, are going to make use of the clean resources to broaden its own operations, improve its item offerings, and also enhance its technical infrastructure, the provider stated in a launch.The fresh capital will help the firm grow its own possessions under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has disbursed over Rs 7,000 crore in financings all over more than 2,100 towns and areas.." While as an NBFC our experts will maintain increasing funds as and also when required, this funding should do us to grow to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The agency is targeting to pay out around Rs 5,000 crore in fundings in FY25.In the upcoming 3-4 years, the company might aim to go public, Jain stated. "Our team want to do it at the right time when we hit the best dimension as well as range," he stated, adding that the provider has been profitable for the final three years as well as is targeting double-digit earnings in the existing financial year as well as triple-digit earnings in the upcoming fiscal year." Our credit rating price is around 3.3 per-cent since the June one-fourth. Our company have regularly remained sub-5 percent as far as debt prices are actually worried," he stated.Unitus Funding functioned as the special advisor to the purchase.Before this sphere, the firm increased funding coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, along with other popular household workplaces.First Posted: Sep 11 2024|12:14 AM IST.