.2 minutes read through Last Updated: Sep 11 2024|12:14 AM IST.Digital lending system FlexiLoans has raised Rs 290 crore in Series C funding from international as well as domestic real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and existing capitalist Maj Invest.FlexiLoans, which lends to small businesses through a money flow-based finance model, will definitely use the clean capital to increase its own operations, improve its product offerings, and strengthen its own technical infrastructure, the company said in a launch.The fresh financing will certainly help the provider increase its own resources under monitoring (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid over Rs 7,000 crore in lendings around much more than 2,100 cities as well as areas.." While as an NBFC our team will maintain elevating funds as and also when called for, this funds ought to be good enough for our team to grow to Rs 3,500 crore in AUM," mentioned Deepak Jain, founder, FlexiLoans.The company is actually targeting to pay out around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the company may want to go public, Jain said. "Our team intend to perform it at the right time when we attacked the appropriate dimension and range," he said, incorporating that the provider has been profitable for the final 3 years and also is actually targeting double-digit revenue in the existing financial year as well as triple-digit profits in the upcoming fiscal year." Our credit scores price is around 3.3 percent as of the June quarter. Our experts have actually consistently continued to be sub-5 per-cent regarding credit rating expenses are involved," he mentioned.Unitus Financing served as the unique specialist to the purchase.Before this round, the company increased financing coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, alongside various other popular household offices.Initial Posted: Sep 11 2024|12:14 AM IST.