.2 minutes reviewed Last Improved: Sep 11 2024|12:14 AM IST.Digital lending system FlexiLoans has actually elevated Rs 290 crore in Series C financing coming from global and also domestic financiers, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, and existing capitalist Maj Invest.FlexiLoans, which lends to small companies through a money flow-based loan design, will definitely make use of the clean financing to grow its operations, enrich its product offerings, as well as boost its own technological facilities, the provider pointed out in a launch.The clean capital will aid the company increase its own properties under control (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has paid out over Rs 7,000 crore in financings throughout much more than 2,100 cities and also cities.." While as an NBFC our team will always keep increasing funds as and also when demanded, this funds ought to do our team to develop to Rs 3,500 crore in AUM," pointed out Deepak Jain, co-founder, FlexiLoans.The firm is actually targeting to disburse around Rs 5,000 crore in lendings in FY25.In the following 3-4 years, the company could try to go social, Jain said. "Our team want to do it at the correct time when our experts attacked the correct size and range," he claimed, incorporating that the provider has been profitable for the final three years as well as is targeting double-digit earnings in the existing fiscal year as well as triple-digit revenues in the upcoming fiscal year." Our credit scores price is actually around 3.3 per cent since the June quarter. Our team have actually always remained sub-5 percent regarding credit score expenses are actually concerned," he stated.Unitus Financing functioned as the unique expert to the purchase.Heretofore sphere, the provider raised funding coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Resources, in addition to other noticeable loved ones offices.Initial Published: Sep 11 2024|12:14 AM IST.