.2 min checked out Last Improved: Sep 11 2024|12:14 AM IST.Digital borrowing system FlexiLoans has actually increased Rs 290 crore in Set C backing coming from worldwide and also residential real estate investors, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and also existing client Maj Invest.FlexiLoans, which lends to small companies with a cash money flow-based financing design, will definitely utilize the new funding to increase its functions, enhance its product offerings, as well as enhance its own technical commercial infrastructure, the firm stated in a release.The new funding will certainly aid the company expand its own properties under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has actually paid out over Rs 7,000 crore in car loans all over much more than 2,100 towns as well as urban areas.." While as an NBFC our company will certainly maintain increasing funds as and when called for, this funds needs to do us to increase to Rs 3,500 crore in AUM," stated Deepak Jain, founder, FlexiLoans.The agency is actually targeting to pay around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the provider might hope to go social, Jain said. "Our company would like to do it at the right time when our company reached the ideal dimension as well as range," he mentioned, adding that the company has paid for the final three years as well as is actually targeting double-digit income in the present fiscal year as well as triple-digit revenues in the following financial year." Our credit scores cost is around 3.3 per-cent as of the June quarter. Our company have actually consistently stayed sub-5 percent as far as credit history prices are actually worried," he mentioned.Unitus Funding worked as the special advisor to the transaction.Heretofore sphere, the business increased financing coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Resources, alongside various other popular household offices.First Posted: Sep 11 2024|12:14 AM IST.