.2 minutes read through Last Upgraded: Sep 11 2024|12:14 AM IST.Digital financing platform FlexiLoans has actually elevated Rs 290 crore in Series C financing from international and domestic financiers, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and existing financier Maj Invest.FlexiLoans, which lends to business with a cash money flow-based lending model, will definitely use the fresh funding to extend its own functions, improve its product offerings, and reinforce its technological framework, the provider mentioned in a release.The new resources will certainly help the business develop its own assets under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has paid out over Rs 7,000 crore in loans around greater than 2,100 communities as well as urban areas.." While as an NBFC our team will certainly always keep increasing funds as and also when called for, this resources ought to be good enough for our team to expand to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The agency is actually targeting to pay out around Rs 5,000 crore in fundings in FY25.In the following 3-4 years, the firm could seek to go social, Jain stated. "We want to perform it at the correct time when our experts hit the best measurements and also scale," he pointed out, including that the company has paid for the last three years and is targeting double-digit revenue in the current fiscal year and also triple-digit revenues in the next financial year." Our credit scores price is actually around 3.3 percent as of the June one-fourth. Our experts have actually constantly continued to be sub-5 percent as for credit history prices are actually worried," he stated.Unitus Funds functioned as the unique consultant to the purchase.Before this around, the provider increased capital coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, along with other famous loved ones workplaces.First Posted: Sep 11 2024|12:14 AM IST.