Digital Lending with Finnable: Latest Funding and Growth Insights
Digital lending fintech Finnable has successfully secured Rs 250 crore (approximately $30 million) during a funding round spearheaded by Z47 and TVS Capital. Additionally, the MEMG Family Office, under the leadership of Ranjan Pai, also took part in this funding initiative. Startup Superb had reported on this funding round exclusively back in September.
Before this latest funding, Finnable had accumulated $5.77 million over three prior funding rounds, with backing from 12 investors, including Manipal Global and the MEMG Family Office. In the initial tranche of Rs 127 crore, Matrix Partners contributed Rs 125 crore, while India Nippon added Rs 2 crore. To date, the total funding received by the company has reached Rs 540 crore. Based on estimates from Startup Superb, Finnable’s valuation now stands at roughly Rs 1,300 crore (around $150 million) post-money.
The funds raised will be allocated towards the enhancement of technology infrastructure, expansion of the branch network, and the development of new products. Established in 2015, Finnable provides personal and property loans tailored for salaried professionals. The firm collaborates with banks for co-lending solutions and is witnessing rapid growth in its loan portfolio. According to the information on the company’s website, it currently manages an AUM of Rs 3,000 crore and has serviced over 2.7 lakh customers.
In the fiscal year 2025, Finnable reported consolidated revenue of Rs 278.49 crore alongside a profit of Rs 6.74 crore, a substantial increase compared to the previous fiscal year where revenue was Rs 181.7 crore with losses amounting to Rs 5.88 crore.
