.2 min reviewed Last Upgraded: Sep 11 2024|12:14 AM IST.Digital loan platform FlexiLoans has raised Rs 290 crore in Series C financing from international as well as domestic capitalists, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, and also existing entrepreneur Maj Invest.FlexiLoans, which gives to business with a cash flow-based borrowing model, will certainly make use of the clean financing to increase its own operations, enhance its product offerings, and reinforce its technological facilities, the provider said in a launch.The clean funds is going to help the provider expand its own properties under control (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has actually disbursed over Rs 7,000 crore in financings throughout greater than 2,100 towns and metropolitan areas.." While as an NBFC our company will certainly maintain raising funds as and also when demanded, this resources needs to be good enough for our team to develop to Rs 3,500 crore in AUM," mentioned Deepak Jain, founder, FlexiLoans.The firm is targeting to pay out around Rs 5,000 crore in financings in FY25.In the upcoming 3-4 years, the provider could look to go social, Jain claimed. "Our experts desire to do it at the right time when we attacked the ideal dimension and scale," he pointed out, including that the provider has actually paid for the last 3 years as well as is targeting double-digit income in the existing fiscal year and triple-digit incomes in the following fiscal year." Our credit cost is around 3.3 per-cent as of the June fourth. We have actually consistently continued to be sub-5 per cent as for credit rating costs are actually concerned," he claimed.Unitus Financing served as the special specialist to the deal.Before this sphere, the company elevated resources from Sanjay and Falguni Nayar, Maj Invest, Fasanara Resources, in addition to other popular family offices.First Posted: Sep 11 2024|12:14 AM IST.