.2 min reviewed Final Improved: Sep 11 2024|12:14 AM IST.Digital financing system FlexiLoans has raised Rs 290 crore in Set C funding from international and also residential real estate investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and also existing real estate investor Maj Invest.FlexiLoans, which offers to small businesses with a cash money flow-based loaning design, will use the fresh funds to extend its procedures, boost its own product offerings, and also reinforce its own technological structure, the company claimed in a release.The fresh funding will certainly help the provider grow its assets under management (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To time, FlexiLoans has actually paid over Rs 7,000 crore in loans around greater than 2,100 towns and also metropolitan areas.." While as an NBFC our company are going to keep elevating funds as and also when required, this capital should do us to develop to Rs 3,500 crore in AUM," stated Deepak Jain, co-founder, FlexiLoans.The agency is targeting to pay around Rs 5,000 crore in fundings in FY25.In the upcoming 3-4 years, the provider could look to go public, Jain pointed out. "Our team desire to perform it at the right time when our company struck the correct dimension and scale," he stated, incorporating that the company has actually been profitable for the last three years and also is actually targeting double-digit revenue in the existing fiscal year and also triple-digit revenues in the following financial year." Our debt price is actually around 3.3 per-cent since the June fourth. Our team have actually constantly stayed sub-5 per-cent as for debt expenses are worried," he stated.Unitus Financing worked as the unique specialist to the purchase.Before this round, the business increased capital coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Resources, alongside various other popular household offices.1st Posted: Sep 11 2024|12:14 AM IST.