.2 minutes checked out Final Upgraded: Sep 11 2024|12:14 AM IST.Digital financing platform FlexiLoans has actually elevated Rs 290 crore in Series C financing coming from worldwide as well as domestic financiers, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit organisation, Nuveen, and existing entrepreneur Maj Invest.FlexiLoans, which gives to business by means of a cash flow-based lender design, are going to use the new resources to grow its own operations, improve its own product offerings, and also enhance its own technical infrastructure, the business pointed out in a launch.The new resources will help the company increase its own resources under administration (AUM) from Rs 2,000 crore currently to Rs 3,500 crore. To day, FlexiLoans has disbursed over Rs 7,000 crore in car loans around more than 2,100 towns and also urban areas.." While as an NBFC our team will definitely always keep elevating funds as and when demanded, this resources must be good enough for us to grow to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The firm is targeting to disburse around Rs 5,000 crore in finances in FY25.In the next 3-4 years, the provider could want to go social, Jain pointed out. "Our experts desire to do it at the correct time when our experts attacked the correct size and also scale," he said, incorporating that the provider has been profitable for the final three years and also is actually targeting double-digit revenue in the existing fiscal year and also triple-digit revenues in the upcoming fiscal year." Our debt expense is actually around 3.3 per cent since the June one-fourth. Our team have always stayed sub-5 per-cent regarding credit score prices are actually regarded," he stated.Unitus Resources served as the unique specialist to the deal.Before this round, the business elevated financing coming from Sanjay and also Falguni Nayar, Maj Invest, Fasanara Resources, alongside other famous household offices.First Published: Sep 11 2024|12:14 AM IST.