.2 minutes reviewed Final Updated: Sep 11 2024|12:14 AM IST.Digital financing system FlexiLoans has actually elevated Rs 290 crore in Series C financing from worldwide and residential real estate investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing investor Maj Invest.FlexiLoans, which gives to small businesses with a cash money flow-based borrowing model, will certainly make use of the clean capital to expand its own functions, enrich its item offerings, and also reinforce its own technical infrastructure, the company claimed in a release.The clean capital is going to help the provider grow its resources under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has actually paid over Rs 7,000 crore in car loans all over greater than 2,100 communities and also areas.." While as an NBFC we will keep raising funds as and when demanded, this capital ought to do our company to develop to Rs 3,500 crore in AUM," mentioned Deepak Jain, co-founder, FlexiLoans.The agency is targeting to disburse around Rs 5,000 crore in loans in FY25.In the next 3-4 years, the business might aim to go public, Jain claimed. "Our company would like to perform it at the correct time when our experts reached the ideal dimension and range," he mentioned, incorporating that the company has actually been profitable for the last 3 years as well as is actually targeting double-digit income in the current fiscal year and also triple-digit incomes in the upcoming financial year." Our credit expense is around 3.3 per-cent as of the June one-fourth. Our experts have regularly remained sub-5 percent regarding credit costs are actually concerned," he stated.Unitus Resources served as the unique expert to the transaction.Heretofore round, the business raised resources coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, together with various other famous family workplaces.1st Published: Sep 11 2024|12:14 AM IST.