.2 min checked out Final Updated: Sep 11 2024|12:14 AM IST.Digital finance system FlexiLoans has raised Rs 290 crore in Series C backing coming from global and residential capitalists, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing client Maj Invest.FlexiLoans, which lends to business via a money flow-based loan design, will certainly make use of the clean financing to expand its operations, enhance its own product offerings, and reinforce its own technological facilities, the company claimed in a launch.The clean funding is going to aid the firm grow its own resources under monitoring (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has paid over Rs 7,000 crore in loans across more than 2,100 towns as well as metropolitan areas.." While as an NBFC our experts are going to always keep elevating funds as and also when demanded, this funds should do our team to grow to Rs 3,500 crore in AUM," mentioned Deepak Jain, co-founder, FlexiLoans.The organization is actually targeting to pay around Rs 5,000 crore in lendings in FY25.In the next 3-4 years, the company might try to go social, Jain stated. "Our experts desire to do it at the correct time when our company hit the best measurements and also scale," he stated, incorporating that the company has paid for the final three years and also is actually targeting double-digit income in the existing financial year and also triple-digit incomes in the following fiscal year." Our debt expense is actually around 3.3 per-cent as of the June one-fourth. Our team have regularly stayed sub-5 percent as far as credit report expenses are involved," he said.Unitus Capital served as the special consultant to the transaction.Before this round, the business elevated financing coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Capital, alongside other famous loved ones offices.Very First Published: Sep 11 2024|12:14 AM IST.