.2 min read Final Upgraded: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has raised Rs 290 crore in Series C funding from international and also residential investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and also existing investor Maj Invest.FlexiLoans, which lends to business through a cash flow-based loaning style, are going to make use of the fresh funds to increase its functions, enhance its item offerings, and also enhance its own technological commercial infrastructure, the firm pointed out in a release.The new resources will assist the business increase its assets under management (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has actually disbursed over Rs 7,000 crore in financings around more than 2,100 cities and also cities.." While as an NBFC our team will definitely always keep increasing funds as and when required, this resources needs to do our team to develop to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The organization is targeting to pay out around Rs 5,000 crore in lendings in FY25.In the next 3-4 years, the company might seek to go public, Jain pointed out. "Our experts wish to perform it at the correct time when our team hit the appropriate dimension and also range," he claimed, including that the provider has paid for the last 3 years and also is actually targeting double-digit profit in the present financial year and triple-digit profits in the upcoming fiscal year." Our credit rating cost is actually around 3.3 percent as of the June fourth. Our company have regularly continued to be sub-5 per-cent as far as credit report expenses are actually involved," he said.Unitus Capital worked as the unique advisor to the purchase.Before this around, the provider raised capital coming from Sanjay and Falguni Nayar, Maj Invest, Fasanara Financing, alongside other famous household workplaces.Very First Published: Sep 11 2024|12:14 AM IST.