.2 min reviewed Final Upgraded: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has actually elevated Rs 290 crore in Set C financing from international and domestic financiers, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, as well as existing capitalist Maj Invest.FlexiLoans, which offers to small companies via a cash flow-based finance version, will definitely make use of the new resources to expand its own procedures, enhance its item offerings, as well as enhance its technical framework, the firm stated in a release.The fresh funds will definitely help the provider increase its own possessions under monitoring (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has actually paid out over Rs 7,000 crore in car loans all over greater than 2,100 communities as well as cities.." While as an NBFC we are going to keep elevating funds as and also when required, this financing should be good enough for our team to increase to Rs 3,500 crore in AUM," pointed out Deepak Jain, founder, FlexiLoans.The firm is actually targeting to pay around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the firm might aim to go public, Jain said. "We desire to perform it at the correct time when our experts reached the correct measurements as well as range," he pointed out, incorporating that the company has paid for the last three years as well as is targeting double-digit profit in the existing financial year and also triple-digit revenues in the next financial year." Our credit scores cost is around 3.3 per-cent as of the June quarter. Our team have consistently continued to be sub-5 per-cent regarding debt prices are actually worried," he pointed out.Unitus Financing functioned as the unique consultant to the transaction.Heretofore sphere, the provider raised capital from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funds, alongside various other popular family offices.Initial Published: Sep 11 2024|12:14 AM IST.