.2 min read Final Updated: Sep 11 2024|12:14 AM IST.Digital borrowing system FlexiLoans has increased Rs 290 crore in Series C funding from global as well as residential clients, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organization, Nuveen, as well as existing real estate investor Maj Invest.FlexiLoans, which provides to small companies through a money flow-based loan design, will make use of the clean capital to increase its own operations, boost its own item offerings, and enhance its technical infrastructure, the firm mentioned in a launch.The clean funds will definitely help the firm expand its own assets under control (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has actually paid over Rs 7,000 crore in lendings around greater than 2,100 cities and also areas.." While as an NBFC our team are going to always keep increasing funds as and also when called for, this resources ought to be good enough for our company to increase to Rs 3,500 crore in AUM," stated Deepak Jain, co-founder, FlexiLoans.The agency is actually targeting to pay around Rs 5,000 crore in fundings in FY25.In the upcoming 3-4 years, the company could want to go public, Jain pointed out. "Our company desire to do it at the correct time when we reached the right measurements and also range," he mentioned, including that the business has actually paid for the last 3 years as well as is actually targeting double-digit revenue in the existing financial year and also triple-digit incomes in the following financial year." Our credit price is around 3.3 percent since the June quarter. Our company have actually consistently stayed sub-5 per cent as for credit rating costs are involved," he stated.Unitus Resources served as the exclusive specialist to the transaction.Heretofore round, the company raised capital from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Funding, alongside other prominent family members workplaces.1st Published: Sep 11 2024|12:14 AM IST.