.2 minutes checked out Final Updated: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has raised Rs 290 crore in Set C financing from worldwide and also residential real estate investors, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, as well as existing entrepreneur Maj Invest.FlexiLoans, which lends to business via a money flow-based loan design, will utilize the new funding to broaden its own operations, enhance its own item offerings, and boost its own technical structure, the firm said in a launch.The new funding will definitely help the provider expand its resources under monitoring (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has paid over Rs 7,000 crore in lendings across much more than 2,100 cities and also urban areas.." While as an NBFC our company will certainly keep raising funds as and when required, this financing needs to be good enough for our team to increase to Rs 3,500 crore in AUM," stated Deepak Jain, co-founder, FlexiLoans.The company is targeting to disburse around Rs 5,000 crore in lendings in FY25.In the upcoming 3-4 years, the business might hope to go public, Jain mentioned. "Our experts would like to perform it at the correct time when we struck the right dimension and also range," he stated, incorporating that the business has actually been profitable for the last 3 years and is actually targeting double-digit revenue in the existing financial year as well as triple-digit profits in the upcoming financial year." Our credit score price is actually around 3.3 per cent as of the June fourth. We have constantly remained sub-5 per cent regarding credit history costs are actually regarded," he mentioned.Unitus Resources functioned as the special consultant to the transaction.Heretofore round, the firm elevated funds coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, alongside various other noticeable household offices.First Released: Sep 11 2024|12:14 AM IST.