.2 minutes went through Final Improved: Sep 11 2024|12:14 AM IST.Digital financing system FlexiLoans has elevated Rs 290 crore in Series C financing from international and also residential real estate investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and also existing real estate investor Maj Invest.FlexiLoans, which provides to small companies through a cash money flow-based lender version, will certainly make use of the clean financing to expand its own functions, boost its product offerings, and also reinforce its own technical facilities, the provider claimed in a release.The clean resources will certainly aid the business expand its possessions under monitoring (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has actually paid out over Rs 7,000 crore in fundings throughout more than 2,100 towns and also cities.." While as an NBFC we will always keep raising funds as and when required, this capital ought to do our company to expand to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The company is actually targeting to disburse around Rs 5,000 crore in loans in FY25.In the next 3-4 years, the business could aim to go public, Jain pointed out. "Our experts would like to do it at the correct time when our company attacked the correct dimension and also range," he said, incorporating that the company has paid for the final 3 years and is targeting double-digit profit in the present financial year and triple-digit incomes in the upcoming fiscal year." Our credit rating price is around 3.3 percent since the June quarter. Our experts have always remained sub-5 percent as for credit expenses are actually concerned," he stated.Unitus Financing acted as the exclusive consultant to the deal.Heretofore sphere, the business elevated financing coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Financing, together with various other popular loved ones offices.1st Posted: Sep 11 2024|12:14 AM IST.