.2 minutes read Final Updated: Sep 11 2024|12:14 AM IST.Digital lender platform FlexiLoans has actually increased Rs 290 crore in Series C financing from global and residential real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, and existing real estate investor Maj Invest.FlexiLoans, which provides to local business via a money flow-based finance style, will definitely use the new funds to broaden its own operations, enrich its product offerings, as well as strengthen its technological infrastructure, the business stated in a release.The clean financing is going to help the company increase its own possessions under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has paid out over Rs 7,000 crore in loans all over greater than 2,100 towns and urban areas.." While as an NBFC our company will definitely maintain raising funds as and also when needed, this funding must be good enough for our company to expand to Rs 3,500 crore in AUM," mentioned Deepak Jain, co-founder, FlexiLoans.The firm is actually targeting to pay out around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the firm might aim to go social, Jain claimed. "Our team wish to do it at the correct time when our team attacked the best dimension as well as range," he mentioned, adding that the firm has paid for the final three years and also is actually targeting double-digit profit in the present financial year as well as triple-digit revenues in the upcoming fiscal year." Our credit rating cost is around 3.3 per cent since the June fourth. We have actually regularly stayed sub-5 percent as for credit report prices are concerned," he mentioned.Unitus Resources acted as the unique advisor to the transaction.Heretofore around, the company elevated funds from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Financing, in addition to various other noticeable family members offices.First Published: Sep 11 2024|12:14 AM IST.