.2 minutes reviewed Final Updated: Sep 11 2024|12:14 AM IST.Digital loaning system FlexiLoans has elevated Rs 290 crore in Series C financing from global and also domestic real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, as well as existing financier Maj Invest.FlexiLoans, which provides to business with a cash money flow-based borrowing version, are going to utilize the clean funding to broaden its own functions, improve its item offerings, as well as strengthen its technical facilities, the provider said in a release.The new resources will certainly assist the provider increase its own possessions under control (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has actually paid over Rs 7,000 crore in fundings throughout much more than 2,100 communities and areas.." While as an NBFC our experts are going to keep raising funds as and also when required, this capital must do our team to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The organization is actually targeting to pay around Rs 5,000 crore in financings in FY25.In the next 3-4 years, the firm may seek to go social, Jain mentioned. "We would like to perform it at the right time when we hit the ideal dimension and also scale," he stated, adding that the provider has been profitable for the last three years as well as is actually targeting double-digit profit in the current financial year and also triple-digit earnings in the upcoming financial year." Our credit history cost is actually around 3.3 percent as of the June quarter. Our company have actually consistently remained sub-5 per-cent as far as credit history costs are involved," he mentioned.Unitus Financing acted as the exclusive consultant to the transaction.Heretofore round, the provider elevated resources from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funding, in addition to various other popular loved ones offices.First Released: Sep 11 2024|12:14 AM IST.