.2 minutes read through Last Improved: Sep 11 2024|12:14 AM IST.Digital borrowing system FlexiLoans has raised Rs 290 crore in Set C backing from worldwide and also residential investors, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and also existing client Maj Invest.FlexiLoans, which lends to small companies through a money flow-based borrowing design, will use the new resources to increase its own operations, enrich its own product offerings, as well as strengthen its technological structure, the firm pointed out in a release.The new capital will assist the company grow its own properties under management (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has paid out over Rs 7,000 crore in lendings all over more than 2,100 cities and cities.." While as an NBFC we will keep increasing funds as and also when called for, this resources needs to do our team to increase to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The organization is targeting to disburse around Rs 5,000 crore in finances in FY25.In the following 3-4 years, the firm might aim to go social, Jain claimed. "Our team intend to perform it at the correct time when our company attacked the right dimension as well as scale," he claimed, incorporating that the business has actually been profitable for the last three years as well as is actually targeting double-digit revenue in the current fiscal year and also triple-digit revenues in the following fiscal year." Our credit score price is actually around 3.3 per-cent since the June quarter. We have constantly continued to be sub-5 per cent regarding credit scores prices are actually involved," he pointed out.Unitus Funds functioned as the special specialist to the transaction.Before this around, the company increased financing from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Resources, together with various other noticeable family members workplaces.First Posted: Sep 11 2024|12:14 AM IST.