.2 minutes reviewed Last Upgraded: Sep 11 2024|12:14 AM IST.Digital lender system FlexiLoans has raised Rs 290 crore in Series C funding coming from global as well as domestic financiers, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, as well as existing entrepreneur Maj Invest.FlexiLoans, which gives to small businesses by means of a cash flow-based finance style, will certainly use the clean funds to increase its own functions, enhance its own product offerings, and boost its own technical structure, the company claimed in a release.The new funding will certainly help the provider expand its properties under control (AUM) coming from Rs 2,000 crore currently to Rs 3,500 crore. To date, FlexiLoans has paid over Rs 7,000 crore in fundings all over more than 2,100 towns as well as cities.." While as an NBFC our experts will definitely keep raising funds as and also when demanded, this funding ought to do our team to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, co-founder, FlexiLoans.The company is actually targeting to disburse around Rs 5,000 crore in lendings in FY25.In the upcoming 3-4 years, the provider may want to go public, Jain mentioned. "Our company would like to do it at the right time when our company hit the ideal dimension and scale," he said, adding that the provider has paid for the last 3 years and also is targeting double-digit earnings in the current fiscal year and triple-digit earnings in the upcoming fiscal year." Our credit cost is around 3.3 per-cent since the June fourth. Our company have actually regularly remained sub-5 percent as far as credit costs are involved," he said.Unitus Capital worked as the unique expert to the purchase.Heretofore sphere, the provider increased funds coming from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funds, together with other popular loved ones workplaces.1st Published: Sep 11 2024|12:14 AM IST.