.2 minutes checked out Last Updated: Sep 11 2024|12:14 AM IST.Digital lending platform FlexiLoans has increased Rs 290 crore in Series C financing from global as well as domestic clients, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and also existing client Maj Invest.FlexiLoans, which lends to business by means of a money flow-based financing version, will utilize the new funding to expand its own functions, enhance its product offerings, and also reinforce its own technological framework, the provider claimed in a release.The clean funding will definitely aid the firm develop its properties under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has paid out over Rs 7,000 crore in finances throughout much more than 2,100 communities as well as areas.." While as an NBFC we will certainly always keep raising funds as and when needed, this capital ought to be good enough for us to develop to Rs 3,500 crore in AUM," mentioned Deepak Jain, co-founder, FlexiLoans.The company is actually targeting to pay out around Rs 5,000 crore in finances in FY25.In the next 3-4 years, the firm could aim to go public, Jain claimed. "We wish to do it at the correct time when we struck the right dimension and also scale," he mentioned, incorporating that the provider has been profitable for the last 3 years as well as is actually targeting double-digit revenue in the present fiscal year as well as triple-digit revenues in the following fiscal year." Our debt cost is around 3.3 per-cent as of the June fourth. Our experts have actually consistently stayed sub-5 per-cent as for credit score prices are actually worried," he pointed out.Unitus Capital served as the special expert to the transaction.Before this around, the business raised funds coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Capital, in addition to various other famous household offices.Initial Posted: Sep 11 2024|12:14 AM IST.