.2 minutes reviewed Final Improved: Sep 11 2024|12:14 AM IST.Digital financing system FlexiLoans has actually elevated Rs 290 crore in Set C funding from global and also domestic investors, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and existing financier Maj Invest.FlexiLoans, which lends to business by means of a cash money flow-based lending design, will certainly use the new financing to grow its operations, enrich its item offerings, and boost its technological structure, the provider mentioned in a release.The fresh financing will certainly aid the provider develop its assets under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has paid over Rs 7,000 crore in fundings around more than 2,100 towns and also areas.." While as an NBFC our team are going to always keep elevating funds as and also when demanded, this financing should do our team to expand to Rs 3,500 crore in AUM," pointed out Deepak Jain, founder, FlexiLoans.The company is actually targeting to pay around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the company may seek to go public, Jain mentioned. "We desire to do it at the right time when our team hit the ideal size and range," he mentioned, including that the provider has actually been profitable for the last 3 years and also is actually targeting double-digit profit in the present financial year as well as triple-digit earnings in the upcoming fiscal year." Our credit scores price is actually around 3.3 per-cent since the June one-fourth. Our company have actually consistently stayed sub-5 per cent as far as credit rating prices are actually concerned," he mentioned.Unitus Funds worked as the special advisor to the purchase.Before this around, the company increased resources coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funds, together with other popular family offices.Very First Published: Sep 11 2024|12:14 AM IST.