.2 min reviewed Last Improved: Sep 11 2024|12:14 AM IST.Digital loan system FlexiLoans has actually elevated Rs 290 crore in Set C funding coming from international as well as domestic financiers, including Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable organisation, Nuveen, and also existing capitalist Maj Invest.FlexiLoans, which provides to business through a cash money flow-based finance version, will definitely utilize the clean resources to extend its own functions, enrich its own product offerings, and also reinforce its technical framework, the firm pointed out in a release.The new funding is going to help the company grow its own assets under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has disbursed over Rs 7,000 crore in finances all over much more than 2,100 towns and also metropolitan areas.." While as an NBFC our company are going to always keep increasing funds as and when called for, this capital must do our team to increase to Rs 3,500 crore in AUM," claimed Deepak Jain, founder, FlexiLoans.The company is actually targeting to disburse around Rs 5,000 crore in car loans in FY25.In the next 3-4 years, the company might try to go social, Jain stated. "Our company would like to do it at the correct time when our team attacked the right measurements and scale," he mentioned, adding that the firm has been profitable for the final three years and also is actually targeting double-digit profit in the present fiscal year and triple-digit profits in the next financial year." Our credit rating cost is around 3.3 percent as of the June one-fourth. We have consistently stayed sub-5 percent as for credit scores expenses are worried," he stated.Unitus Financing worked as the unique specialist to the purchase.Before this round, the provider raised financing from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Funds, along with other popular loved ones offices.Initial Published: Sep 11 2024|12:14 AM IST.