.2 min checked out Last Updated: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has raised Rs 290 crore in Series C financing from worldwide as well as domestic investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and also existing client Maj Invest.FlexiLoans, which lends to local business by means of a cash money flow-based lender style, are going to make use of the fresh funding to grow its own procedures, improve its product offerings, and also boost its technical structure, the business pointed out in a release.The fresh capital will aid the business develop its resources under control (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has disbursed over Rs 7,000 crore in financings throughout more than 2,100 towns and also areas.." While as an NBFC our experts will always keep elevating funds as and also when demanded, this funds ought to do us to develop to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The company is targeting to pay out around Rs 5,000 crore in fundings in FY25.In the upcoming 3-4 years, the company might try to go public, Jain claimed. "Our company desire to do it at the correct time when our team attacked the appropriate dimension and scale," he pointed out, including that the firm has actually been profitable for the final three years and also is actually targeting double-digit profit in the present financial year as well as triple-digit earnings in the following financial year." Our credit expense is actually around 3.3 per-cent as of the June one-fourth. Our company have consistently stayed sub-5 per cent regarding credit rating expenses are actually worried," he stated.Unitus Financing served as the special consultant to the deal.Before this around, the firm raised financing from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, together with other noticeable family members offices.1st Published: Sep 11 2024|12:14 AM IST.