.2 minutes reviewed Final Updated: Sep 11 2024|12:14 AM IST.Digital loan system FlexiLoans has actually raised Rs 290 crore in Series C funding from global as well as residential real estate investors, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing entrepreneur Maj Invest.FlexiLoans, which lends to business through a money flow-based finance design, will definitely make use of the clean funds to extend its own procedures, enrich its own item offerings, and also boost its own technical facilities, the business claimed in a release.The new financing will definitely assist the firm develop its own possessions under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has disbursed over Rs 7,000 crore in loans across much more than 2,100 communities as well as urban areas.." While as an NBFC our company will certainly maintain raising funds as and when called for, this funding ought to be good enough for us to develop to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The company is targeting to pay out around Rs 5,000 crore in car loans in FY25.In the upcoming 3-4 years, the provider may try to go public, Jain pointed out. "We desire to perform it at the right time when our team struck the best dimension as well as range," he pointed out, adding that the company has been profitable for the final 3 years and is actually targeting double-digit earnings in the current fiscal year and also triple-digit incomes in the following financial year." Our credit rating expense is actually around 3.3 percent since the June quarter. Our team have always remained sub-5 per-cent regarding credit report expenses are actually worried," he said.Unitus Funds acted as the unique advisor to the purchase.Heretofore sphere, the provider raised resources from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Financing, in addition to various other famous family members workplaces.Initial Released: Sep 11 2024|12:14 AM IST.