.2 minutes reviewed Final Upgraded: Sep 11 2024|12:14 AM IST.Digital loaning system FlexiLoans has elevated Rs 290 crore in Series C funding from global as well as domestic real estate investors, featuring Nandan Nilekani co-founded Fundamentum, Accion, a US-based charitable company, Nuveen, and also existing real estate investor Maj Invest.FlexiLoans, which provides to small companies by means of a cash money flow-based loaning version, are going to utilize the clean capital to increase its procedures, enrich its own item offerings, as well as strengthen its technological infrastructure, the provider mentioned in a release.The fresh funds will assist the provider develop its possessions under management (AUM) coming from Rs 2,000 crore presently to Rs 3,500 crore. To date, FlexiLoans has paid over Rs 7,000 crore in financings around greater than 2,100 communities and cities.." While as an NBFC our team are going to keep raising funds as and when demanded, this capital should do us to increase to Rs 3,500 crore in AUM," said Deepak Jain, co-founder, FlexiLoans.The company is targeting to pay out around Rs 5,000 crore in loans in FY25.In the next 3-4 years, the business might seek to go social, Jain mentioned. "Our experts would like to do it at the right time when our team reached the appropriate dimension and range," he claimed, including that the provider has paid for the final 3 years as well as is actually targeting double-digit revenue in the existing fiscal year as well as triple-digit revenues in the upcoming fiscal year." Our credit rating cost is around 3.3 per-cent since the June fourth. Our team have actually constantly remained sub-5 per-cent as for credit history prices are actually concerned," he stated.Unitus Funding functioned as the special advisor to the transaction.Before this around, the firm increased capital from Sanjay as well as Falguni Nayar, Maj Invest, Fasanara Resources, along with various other prominent family offices.Very First Published: Sep 11 2024|12:14 AM IST.