Finnable Raises Rs 250 Crore in Funding Round Led by Z47 and TVS Capital
- Finnable secures Rs 250 crore funding led by Z47 and TVS Capital
- Funds to support tech expansion, branch growth, and new products
- Fintech valued at around Rs 1,300 crore post-money
Digital lending platform Finnable has raised Rs 250 crore (about $30 million) in its latest funding round led by Z47 and TVS Capital. The round also saw participation from the MEMG Family Office, led by Ranjan Pai, marking another strong vote of confidence in the Bengaluru-based fintech’s growth trajectory.
The latest infusion pushes Finnable’s total funding to Rs 540 crore. Earlier rounds included $5.77 million raised from 12 investors such as Manipal Global and MEMG Family Office. In the first tranche of the current round, Matrix Partners invested Rs 125 crore, while India Nippon contributed Rs 2 crore.
Post this funding, Finnable’s valuation is estimated at Rs 1,300 crore (around $150 million). The company plans to use the fresh capital to strengthen its technology infrastructure, expand its branch network, and develop new financial products tailored for salaried professionals.
Founded in 2015, Finnable provides personal and property loans and partners with banks for co-lending. The fintech has built an AUM of Rs 3,000 crore and served more than 2.7 lakh customers across India.
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In FY25, Finnable reported a revenue of Rs 278.49 crore and a profit of Rs 6.74 crore, a sharp turnaround from FY24’s Rs 181.7 crore revenue and Rs 5.88 crore loss, reflecting its strong operational performance and growing profitability.
