.2 minutes read Final Updated: Sep 11 2024|12:14 AM IST.Digital lender platform FlexiLoans has actually raised Rs 290 crore in Series C funding from worldwide and also residential entrepreneurs, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, as well as existing entrepreneur Maj Invest.FlexiLoans, which gives to small companies by means of a cash flow-based finance style, will use the clean funds to grow its operations, boost its own product offerings, as well as strengthen its technological commercial infrastructure, the business pointed out in a release.The new funds will help the provider grow its own resources under monitoring (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid out over Rs 7,000 crore in financings all over more than 2,100 communities as well as urban areas.." While as an NBFC we will certainly keep elevating funds as and when needed, this funding ought to be good enough for our company to expand to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The company is actually targeting to pay around Rs 5,000 crore in car loans in FY25.In the upcoming 3-4 years, the company might try to go social, Jain claimed. "Our experts desire to perform it at the correct time when our company reached the right measurements and range," he stated, incorporating that the company has paid for the final three years as well as is actually targeting double-digit earnings in the present financial year and triple-digit earnings in the following financial year." Our credit score cost is around 3.3 per cent since the June quarter. Our team have always continued to be sub-5 percent as far as credit scores expenses are actually involved," he pointed out.Unitus Capital served as the exclusive consultant to the transaction.Before this around, the firm increased funds coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Capital, in addition to various other prominent family workplaces.Initial Released: Sep 11 2024|12:14 AM IST.