.2 minutes reviewed Last Updated: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has actually elevated Rs 290 crore in Set C funding coming from international as well as residential real estate investors, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and existing real estate investor Maj Invest.FlexiLoans, which provides to small companies by means of a money flow-based borrowing version, will definitely use the new capital to broaden its own procedures, boost its own item offerings, and enhance its technical framework, the business claimed in a release.The new financing will certainly help the company develop its resources under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid out over Rs 7,000 crore in car loans around greater than 2,100 communities and also urban areas.." While as an NBFC our experts will definitely always keep increasing funds as and also when demanded, this capital must do us to grow to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The firm is actually targeting to disburse around Rs 5,000 crore in loans in FY25.In the next 3-4 years, the firm may seek to go public, Jain claimed. "Our experts wish to do it at the right time when our experts reached the correct measurements and also scale," he pointed out, including that the firm has actually paid for the last three years as well as is actually targeting double-digit income in the present financial year and triple-digit revenues in the upcoming fiscal year." Our debt expense is around 3.3 percent since the June one-fourth. We have regularly continued to be sub-5 per cent as far as credit expenses are regarded," he said.Unitus Financing served as the exclusive expert to the transaction.Before this around, the business elevated funds from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Financing, alongside various other prominent family members workplaces.Very First Released: Sep 11 2024|12:14 AM IST.