.2 minutes read through Final Improved: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has raised Rs 290 crore in Series C financing coming from global and domestic financiers, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, and also existing real estate investor Maj Invest.FlexiLoans, which lends to business through a cash money flow-based borrowing version, will definitely use the new financing to expand its procedures, boost its own item offerings, as well as enhance its own technical commercial infrastructure, the company said in a launch.The fresh capital will assist the provider increase its resources under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has paid over Rs 7,000 crore in loans all over greater than 2,100 towns and metropolitan areas.." While as an NBFC we will definitely keep increasing funds as and when required, this funding needs to do us to increase to Rs 3,500 crore in AUM," mentioned Deepak Jain, co-founder, FlexiLoans.The firm is targeting to pay around Rs 5,000 crore in loans in FY25.In the upcoming 3-4 years, the provider could aim to go social, Jain stated. "We wish to perform it at the right time when our experts reached the ideal size as well as range," he pointed out, including that the business has actually paid for the final three years and is targeting double-digit earnings in the present financial year and also triple-digit incomes in the upcoming financial year." Our debt expense is around 3.3 per-cent since the June quarter. Our company have regularly continued to be sub-5 percent as far as credit history expenses are involved," he mentioned.Unitus Funds served as the special consultant to the purchase.Before this around, the company increased funding coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Resources, along with other popular loved ones workplaces.Initial Released: Sep 11 2024|12:14 AM IST.