Finnable has raised Rs 250 crore (about USD 30 million) in a fresh funding round led by Z47 and TVS Capital, with participation from MEMG Family Office led by Ranjan Pai. The new capital will be used to strengthen the company’s technology infrastructure, expand its branch network, and develop new lending products.
Founded in 2015 by former bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable focuses on providing personal loans to salaried individuals through its RBI-registered NBFC, Finnable Credit. The company’s assets under management surged to Rs 2,924 crore as of June 2025, up from Rs 370 crore in March 2022, reflecting rapid growth and strong demand for its offerings.
Prior to this round, Finnable had raised USD 5.77 million across three funding rounds from investors including Manipal Global and MEMG Family Office. In the first tranche of the current round, Matrix Partners invested Rs 125 crore and India Nippon contributed Rs 2 crore. Finnable’s total funding now stands at around Rs 540 crore, with an estimated valuation of Rs 1,300 crore, according to Entrackr.
The company’s lending model is supported by co-lending partnerships with leading financial institutions such as Axis Bank, Utkarsh Small Finance Bank, Vivriti Capital, and TVS Credit. About 95 per cent of its portfolio consists of personal loans, with the remainder focused on loans against property for small businesses.
For FY25, Finnable reported a revenue of Rs 278.49 crore and a profit of Rs 6.74 crore, demonstrating operational stability amid a competitive digital lending landscape that includes players like KreditBee, MoneyTap, Fibe (formerly EarlySalary), CASHe, and PaySense.
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