.2 minutes went through Last Updated: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has actually raised Rs 290 crore in Series C funding from international as well as residential real estate investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, as well as existing financier Maj Invest.FlexiLoans, which gives to small businesses with a cash money flow-based loan version, will certainly utilize the fresh capital to broaden its procedures, enrich its own product offerings, and also reinforce its own technological facilities, the firm mentioned in a release.The clean resources will certainly assist the business develop its properties under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has disbursed over Rs 7,000 crore in lendings all over much more than 2,100 cities and also metropolitan areas.." While as an NBFC our experts will always keep raising funds as and also when needed, this capital must be good enough for our company to develop to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The agency is actually targeting to pay around Rs 5,000 crore in loans in FY25.In the upcoming 3-4 years, the provider could aim to go social, Jain said. "Our team desire to do it at the correct time when our team hit the appropriate dimension and range," he mentioned, adding that the company has paid for the last 3 years as well as is targeting double-digit income in the present financial year as well as triple-digit incomes in the next fiscal year." Our credit expense is actually around 3.3 percent since the June one-fourth. Our company have actually constantly remained sub-5 percent regarding credit scores costs are concerned," he stated.Unitus Funding acted as the special expert to the deal.Heretofore round, the company raised financing from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, alongside various other prominent household workplaces.1st Released: Sep 11 2024|12:14 AM IST.