.2 min went through Final Upgraded: Sep 11 2024|12:14 AM IST.Digital finance system FlexiLoans has elevated Rs 290 crore in Series C financing from international and also residential real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and existing entrepreneur Maj Invest.FlexiLoans, which provides to business by means of a cash money flow-based lender style, will definitely make use of the clean capital to increase its operations, enrich its product offerings, as well as reinforce its technological facilities, the company mentioned in a release.The clean financing will definitely assist the company develop its possessions under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has actually paid out over Rs 7,000 crore in lendings around much more than 2,100 towns and also areas.." While as an NBFC our company will definitely keep elevating funds as and when called for, this financing needs to be good enough for us to develop to Rs 3,500 crore in AUM," mentioned Deepak Jain, founder, FlexiLoans.The company is actually targeting to pay around Rs 5,000 crore in loans in FY25.In the upcoming 3-4 years, the firm may aim to go social, Jain said. "We wish to perform it at the right time when our experts hit the best dimension and also scale," he mentioned, adding that the firm has been profitable for the final three years and also is targeting double-digit profit in the current financial year and triple-digit incomes in the next financial year." Our credit rating cost is actually around 3.3 per cent as of the June one-fourth. Our company have regularly remained sub-5 per cent as far as debt expenses are involved," he pointed out.Unitus Funding worked as the unique specialist to the transaction.Before this around, the company increased capital from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Resources, alongside various other famous loved ones workplaces.1st Released: Sep 11 2024|12:14 AM IST.