.2 min went through Last Improved: Sep 11 2024|12:14 AM IST.Digital borrowing platform FlexiLoans has raised Rs 290 crore in Collection C financing from international as well as residential real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, as well as existing real estate investor Maj Invest.FlexiLoans, which provides to small companies through a cash flow-based lending design, will make use of the new funds to expand its own procedures, enrich its own item offerings, and strengthen its technological infrastructure, the company mentioned in a release.The fresh funds will definitely assist the business increase its resources under administration (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has paid over Rs 7,000 crore in car loans all over greater than 2,100 towns and areas.." While as an NBFC we will definitely always keep increasing funds as and also when demanded, this resources ought to do our company to expand to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The agency is actually targeting to pay around Rs 5,000 crore in car loans in FY25.In the next 3-4 years, the company could look to go public, Jain pointed out. "Our company desire to perform it at the right time when our company attacked the right dimension as well as range," he pointed out, incorporating that the company has actually paid for the final three years and also is actually targeting double-digit profit in the current fiscal year and triple-digit incomes in the next fiscal year." Our credit rating cost is around 3.3 per-cent since the June quarter. Our experts have consistently remained sub-5 per-cent as for credit scores expenses are regarded," he claimed.Unitus Capital served as the unique consultant to the transaction.Before this sphere, the business elevated capital coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Capital, together with various other famous loved ones offices.Initial Published: Sep 11 2024|12:14 AM IST.