.2 minutes went through Final Upgraded: Sep 11 2024|12:14 AM IST.Digital financing platform FlexiLoans has actually elevated Rs 290 crore in Series C backing coming from worldwide and also domestic real estate investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, as well as existing investor Maj Invest.FlexiLoans, which provides to small businesses with a cash flow-based financing version, will certainly make use of the clean capital to increase its functions, enhance its own item offerings, as well as reinforce its own technical commercial infrastructure, the business mentioned in a release.The clean financing will certainly aid the business grow its resources under administration (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has disbursed over Rs 7,000 crore in financings throughout greater than 2,100 communities and metropolitan areas.." While as an NBFC we will maintain increasing funds as and also when demanded, this funding should do us to grow to Rs 3,500 crore in AUM," pointed out Deepak Jain, co-founder, FlexiLoans.The organization is targeting to disburse around Rs 5,000 crore in loans in FY25.In the following 3-4 years, the business might seek to go public, Jain pointed out. "We would like to do it at the right time when we struck the right size and range," he claimed, adding that the provider has been profitable for the final three years as well as is actually targeting double-digit income in the existing financial year and also triple-digit profits in the following financial year." Our credit report price is actually around 3.3 per-cent since the June quarter. Our experts have always stayed sub-5 percent as for credit score expenses are involved," he mentioned.Unitus Financing served as the exclusive consultant to the deal.Before this sphere, the firm raised capital from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Resources, alongside various other popular family members offices.1st Published: Sep 11 2024|12:14 AM IST.