.2 min read Last Improved: Sep 11 2024|12:14 AM IST.Digital financing system FlexiLoans has actually elevated Rs 290 crore in Series C financing from worldwide and domestic real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and also existing real estate investor Maj Invest.FlexiLoans, which offers to small companies with a money flow-based financing version, are going to utilize the fresh funds to grow its own operations, boost its own product offerings, as well as reinforce its technical infrastructure, the firm claimed in a release.The new funding will definitely assist the business develop its possessions under monitoring (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has paid out over Rs 7,000 crore in fundings throughout greater than 2,100 towns and cities.." While as an NBFC our team are going to keep raising funds as and when called for, this capital needs to do our team to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The agency is targeting to pay out around Rs 5,000 crore in fundings in FY25.In the next 3-4 years, the provider might look to go public, Jain pointed out. "Our experts wish to perform it at the right time when our company attacked the best size and also scale," he said, including that the firm has actually been profitable for the last three years as well as is targeting double-digit revenue in the existing fiscal year and triple-digit earnings in the following fiscal year." Our credit report expense is actually around 3.3 per-cent since the June one-fourth. We have actually always stayed sub-5 per-cent as far as debt prices are worried," he claimed.Unitus Financing served as the unique expert to the transaction.Heretofore around, the company increased resources from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Funds, alongside other famous loved ones workplaces.Very First Posted: Sep 11 2024|12:14 AM IST.