.2 minutes read Last Upgraded: Sep 11 2024|12:14 AM IST.Digital financing system FlexiLoans has elevated Rs 290 crore in Set C funding from global as well as domestic clients, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and also existing client Maj Invest.FlexiLoans, which provides to small businesses with a money flow-based borrowing model, will make use of the clean funds to extend its own functions, boost its own item offerings, and strengthen its own technical facilities, the company said in a launch.The new resources will aid the provider grow its resources under management (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid out over Rs 7,000 crore in finances all over more than 2,100 towns and also metropolitan areas.." While as an NBFC our company will certainly keep increasing funds as and also when called for, this financing must be good enough for our team to grow to Rs 3,500 crore in AUM," pointed out Deepak Jain, founder, FlexiLoans.The company is targeting to pay around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the firm might want to go social, Jain stated. "Our experts wish to perform it at the right time when our experts hit the ideal dimension and also range," he pointed out, including that the business has actually been profitable for the final three years and is targeting double-digit profit in the current financial year and also triple-digit revenues in the upcoming fiscal year." Our credit report price is around 3.3 per cent since the June fourth. We have actually constantly continued to be sub-5 percent as far as credit score expenses are actually concerned," he pointed out.Unitus Funds served as the special expert to the purchase.Heretofore around, the company elevated resources from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, along with other noticeable family members offices.First Published: Sep 11 2024|12:14 AM IST.