.2 min read Last Improved: Sep 11 2024|12:14 AM IST.Digital lending system FlexiLoans has actually raised Rs 290 crore in Set C financing coming from global and also residential real estate investors, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, as well as existing real estate investor Maj Invest.FlexiLoans, which gives to small companies with a money flow-based loaning style, will certainly use the fresh capital to grow its operations, enrich its own product offerings, and also boost its technical structure, the firm said in a launch.The clean financing will certainly help the provider grow its own properties under control (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To time, FlexiLoans has paid out over Rs 7,000 crore in lendings around more than 2,100 towns as well as urban areas.." While as an NBFC our experts will maintain increasing funds as and also when needed, this capital should be good enough for our team to develop to Rs 3,500 crore in AUM," pointed out Deepak Jain, founder, FlexiLoans.The firm is actually targeting to disburse around Rs 5,000 crore in car loans in FY25.In the upcoming 3-4 years, the provider might hope to go social, Jain said. "Our team would like to perform it at the right time when we hit the right size and range," he claimed, adding that the company has been profitable for the last three years and also is actually targeting double-digit revenue in the existing financial year as well as triple-digit earnings in the next financial year." Our credit score cost is around 3.3 per cent as of the June quarter. Our experts have actually consistently stayed sub-5 percent regarding credit report expenses are actually worried," he stated.Unitus Funds acted as the unique expert to the purchase.Heretofore around, the business raised financing from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Funds, alongside various other prominent household offices.1st Released: Sep 11 2024|12:14 AM IST.