.2 minutes read Last Upgraded: Sep 11 2024|12:14 AM IST.Digital financing platform FlexiLoans has increased Rs 290 crore in Set C funding coming from worldwide and residential entrepreneurs, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, as well as existing real estate investor Maj Invest.FlexiLoans, which gives to local business with a money flow-based loaning model, will use the fresh capital to grow its functions, enhance its item offerings, and enhance its technological infrastructure, the company pointed out in a release.The fresh financing is going to help the provider develop its own possessions under management (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid out over Rs 7,000 crore in fundings all over more than 2,100 cities and also urban areas.." While as an NBFC we will definitely maintain elevating funds as and when called for, this financing must do our company to expand to Rs 3,500 crore in AUM," stated Deepak Jain, co-founder, FlexiLoans.The firm is targeting to disburse around Rs 5,000 crore in loans in FY25.In the following 3-4 years, the company could look to go public, Jain mentioned. "Our experts intend to perform it at the correct time when our team struck the correct size and range," he said, incorporating that the company has paid for the final 3 years and also is actually targeting double-digit earnings in the existing financial year and also triple-digit revenues in the upcoming financial year." Our credit rating expense is around 3.3 percent since the June quarter. Our experts have actually consistently remained sub-5 per cent as for credit scores prices are worried," he said.Unitus Capital acted as the exclusive expert to the deal.Before this around, the company elevated financing from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funding, together with other famous loved ones workplaces.Very First Released: Sep 11 2024|12:14 AM IST.