.2 minutes reviewed Final Updated: Sep 11 2024|12:14 AM IST.Digital borrowing system FlexiLoans has elevated Rs 290 crore in Series C funding from international and domestic clients, consisting of Nandan Nilekani co-founded Fundamentum, Accion, a US-based non-profit company, Nuveen, and existing real estate investor Maj Invest.FlexiLoans, which provides to business by means of a money flow-based lending style, will certainly utilize the fresh funds to broaden its procedures, boost its product offerings, as well as boost its technical framework, the company said in a release.The clean capital is going to aid the firm grow its resources under control (AUM) from Rs 2,000 crore presently to Rs 3,500 crore. To day, FlexiLoans has paid over Rs 7,000 crore in financings throughout more than 2,100 communities as well as cities.." While as an NBFC our team will definitely maintain raising funds as and also when required, this funds should be good enough for us to develop to Rs 3,500 crore in AUM," said Deepak Jain, founder, FlexiLoans.The company is actually targeting to pay around Rs 5,000 crore in finances in FY25.In the next 3-4 years, the firm could look to go public, Jain said. "Our experts intend to do it at the correct time when our team reached the ideal size and also scale," he mentioned, including that the firm has been profitable for the last three years and also is targeting double-digit revenue in the present financial year as well as triple-digit earnings in the following fiscal year." Our debt cost is actually around 3.3 percent as of the June one-fourth. Our company have constantly stayed sub-5 per-cent as far as credit rating prices are involved," he pointed out.Unitus Resources functioned as the special specialist to the purchase.Before this around, the company elevated funds from Sanjay and Falguni Nayar, Maj Invest, Fasanara Capital, in addition to other noticeable family workplaces.First Published: Sep 11 2024|12:14 AM IST.