.2 min read through Final Updated: Sep 11 2024|12:14 AM IST.Digital lender system FlexiLoans has actually elevated Rs 290 crore in Series C financing from global as well as residential capitalists, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, as well as existing real estate investor Maj Invest.FlexiLoans, which gives to small companies via a cash money flow-based financing version, will make use of the new resources to expand its own operations, enrich its item offerings, as well as reinforce its own technological framework, the firm mentioned in a release.The clean financing will definitely help the firm develop its own properties under administration (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 fundings across more than 2,100 cities as well as urban areas.." While as an NBFC we will maintain increasing funds as and when called for, this funding should be good enough for our company to grow to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The agency is targeting to disburse around Rs 5,000 crore in finances in FY25.In the upcoming 3-4 years, the provider may aim to go public, Jain said. "We intend to do it at the right time when our company reached the ideal size as well as range," he said, adding that the company has paid for the final 3 years as well as is targeting double-digit profit in the current financial year and also triple-digit incomes in the upcoming financial year." Our credit rating cost is actually around 3.3 per-cent since the June fourth. Our experts have actually always continued to be sub-5 percent regarding credit rating costs are worried," he stated.Unitus Capital acted as the special expert to the purchase.Heretofore around, the provider elevated funding coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Resources, together with other popular household offices.First Posted: Sep 11 2024|12:14 AM IST.