.2 min reviewed Final Upgraded: Sep 11 2024|12:14 AM IST.Digital loan system FlexiLoans has actually raised Rs 290 crore in Set C financing from global and also domestic real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and existing investor Maj Invest.FlexiLoans, which lends to local business via a cash flow-based lending model, are going to utilize the fresh capital to increase its own functions, improve its product offerings, as well as boost its own technological facilities, the business claimed in a release.The fresh capital will definitely help the business develop its resources under administration (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has actually disbursed over Rs 7,000 crore in loans throughout greater than 2,100 cities and also urban areas.." While as an NBFC our experts will always keep increasing funds as and also when needed, this capital needs to do our team to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The company is targeting to pay around Rs 5,000 crore in lendings in FY25.In the following 3-4 years, the provider could aim to go public, Jain pointed out. "Our team desire to perform it at the right time when we attacked the correct dimension and scale," he mentioned, adding that the provider has actually paid for the last 3 years as well as is targeting double-digit income in the present financial year as well as triple-digit revenues in the next fiscal year." Our credit price is actually around 3.3 per-cent as of the June fourth. Our company have always remained sub-5 percent regarding credit report prices are actually regarded," he stated.Unitus Financing worked as the unique consultant to the deal.Heretofore around, the firm raised capital from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, along with other prominent household offices.1st Published: Sep 11 2024|12:14 AM IST.