.2 min went through Final Updated: Sep 11 2024|12:14 AM IST.Digital borrowing platform FlexiLoans has actually elevated Rs 290 crore in Series C financing from international and also residential capitalists, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, as well as existing client Maj Invest.FlexiLoans, which provides to small companies by means of a cash money flow-based lending model, will certainly use the fresh financing to extend its own procedures, enrich its product offerings, and enhance its own technological commercial infrastructure, the company stated in a launch.The clean financing will help the company grow its own assets under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has actually paid over Rs 7,000 crore in financings across much more than 2,100 towns as well as metropolitan areas.." While as an NBFC we will keep elevating funds as and also when required, this funding must do our company to increase to Rs 3,500 crore in AUM," pointed out Deepak Jain, founder, FlexiLoans.The agency is actually targeting to pay around Rs 5,000 crore in fundings in FY25.In the upcoming 3-4 years, the firm could hope to go public, Jain mentioned. "Our team would like to do it at the correct time when we struck the ideal size as well as scale," he said, incorporating that the company has actually been profitable for the last 3 years as well as is actually targeting double-digit revenue in the current financial year as well as triple-digit earnings in the upcoming financial year." Our credit score cost is actually around 3.3 percent as of the June fourth. Our experts have constantly continued to be sub-5 per cent regarding credit score costs are actually concerned," he pointed out.Unitus Funding functioned as the unique expert to the purchase.Before this around, the business raised financing coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, in addition to other noticeable household offices.1st Published: Sep 11 2024|12:14 AM IST.