Z47 and TVS Capital Lead Investment Round
Digital lending platform Finnable has secured ₹250 crore (approximately $30 million) in a new funding round led by Z47 and TVS Capital, with additional participation from the MEMG Family Office, managed by Ranjan Pai.
This latest capital infusion comes after the company’s earlier ₹127 crore tranche, where Matrix Partners and India Nippon contributed. With this round, Finnable’s total funding now exceeds ₹540 crore, marking one of the most substantial fundraises in India’s lending-tech segment this quarter.
The company plans to utilize the fresh funds to upgrade its technology stack, expand its branch network, and launch new credit offerings aimed at India’s growing base of salaried professionals.
Expanding Reach Through Co-Lending Partnerships
Established in 2015, Finnable provides personal and property loans through a hybrid model combining digital convenience with institutional lending partnerships. The company collaborates with banks and NBFCs to scale its loan book efficiently.
As of now, Finnable manages an asset base of ₹3,000 crore and has served more than 2.7 lakh customers. The fintech leverages data analytics and AI-driven underwriting to ensure faster approvals and better risk management.
Profitability Milestone in FY25
In a significant turnaround, Finnable reported ₹278.49 crore in revenue and ₹6.74 crore in profit during FY25, compared with a ₹5.88 crore loss on ₹181.7 crore revenue in the previous fiscal year.
The company’s improved financials highlight the accelerating shift toward digital credit adoption and Finnable’s disciplined approach to scaling in India’s fintech landscape.
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