.2 min reviewed Final Upgraded: Sep 11 2024|12:14 AM IST.Digital finance platform FlexiLoans has elevated Rs 290 crore in Set C financing from international and domestic capitalists, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organization, Nuveen, and existing investor Maj Invest.FlexiLoans, which gives to business via a money flow-based lender version, will make use of the clean funds to grow its own operations, enhance its own item offerings, and boost its technical structure, the business said in a launch.The fresh funds is going to aid the company grow its resources under control (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has actually paid over Rs 7,000 crore in lendings all over much more than 2,100 towns and metropolitan areas.." While as an NBFC our experts are going to keep elevating funds as and when needed, this resources must be good enough for us to grow to Rs 3,500 crore in AUM," stated Deepak Jain, founder, FlexiLoans.The organization is targeting to pay around Rs 5,000 crore in car loans in FY25.In the next 3-4 years, the business might seek to go social, Jain mentioned. "Our team want to perform it at the correct time when our company struck the best size and scale," he said, incorporating that the provider has paid for the final 3 years and is targeting double-digit profit in the current fiscal year and also triple-digit profits in the upcoming fiscal year." Our debt cost is actually around 3.3 per-cent since the June quarter. Our experts have constantly stayed sub-5 per cent as far as credit history costs are actually involved," he mentioned.Unitus Capital acted as the special specialist to the deal.Before this round, the firm increased financing from Sanjay and Falguni Nayar, Maj Invest, Fasanara Funding, alongside other noticeable loved ones offices.1st Published: Sep 11 2024|12:14 AM IST.