.2 min read Final Upgraded: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has actually raised Rs 290 crore in Set C funding coming from international as well as residential investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and also existing client Maj Invest.FlexiLoans, which gives to local business via a money flow-based financing style, will use the clean capital to increase its procedures, improve its item offerings, and boost its technological structure, the firm pointed out in a release.The new funds will certainly assist the company develop its resources under management (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has paid over Rs 7,000 crore in financings around much more than 2,100 towns as well as areas.." While as an NBFC we will always keep elevating funds as and when demanded, this funding must be good enough for our team to increase to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The firm is targeting to disburse around Rs 5,000 crore in loans in FY25.In the next 3-4 years, the provider may want to go social, Jain mentioned. "We intend to perform it at the correct time when we attacked the right size and range," he pointed out, including that the business has been profitable for the final three years and is actually targeting double-digit profit in the present financial year and triple-digit earnings in the upcoming fiscal year." Our credit scores cost is around 3.3 per cent since the June quarter. Our team have consistently remained sub-5 percent as far as credit score prices are actually concerned," he stated.Unitus Capital acted as the exclusive specialist to the deal.Before this round, the business elevated resources from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Financing, along with various other famous family workplaces.Initial Released: Sep 11 2024|12:14 AM IST.