.2 min reviewed Final Updated: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has elevated 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, as well as existing client Maj Invest.FlexiLoans, which provides to small companies by means of a cash flow-based borrowing version, will use the new resources to increase its procedures, boost its own product offerings, as well as reinforce its technical commercial infrastructure, the company stated in a launch.The new resources is going to help the company grow its assets under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has paid over Rs 7,000 crore in car loans across much more than 2,100 cities and cities.." While as an NBFC we will certainly always keep raising funds as and also when needed, this financing should be good enough for our team to increase to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The agency is targeting to pay around Rs 5,000 crore in car loans in FY25.In the following 3-4 years, the firm may look to go public, Jain said. "Our team wish to perform it at the correct time when our team reached the appropriate measurements and also range," he said, including that the company has paid for the last three years and also is actually targeting double-digit earnings in the current fiscal year and also triple-digit earnings in the next financial year." Our credit scores expense is actually around 3.3 per-cent as of the June one-fourth. Our experts have actually regularly stayed sub-5 percent as for credit scores prices are worried," he stated.Unitus Financing served as the unique expert to the transaction.Before this around, the provider raised capital from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, together with other popular family members offices.First Posted: Sep 11 2024|12:14 AM IST.