Table of Contents Show
The Indian fintech sector continues to attract substantial investor interest, with Bengaluru based digital lending platform Finnable emerging as a notable beneficiary. The company has successfully secured Rs 250 crore in its latest funding round, demonstrating strong confidence from leading institutional investors Z47 (previously known as Matrix Partners) and TVS Capital. The MEMG family office, under the leadership of Ranjan Pai, has also participated in this investment round.
Strategic Growth Trajectory
This latest capital raise represents Finnable’s second consecutive funding from the same investor consortium, following a similar Rs 250 crore investment in November 2024. The cumulative funding now stands at Rs 540 crore, positioning the company for accelerated expansion in India’s competitive digital lending landscape. According to co-founder Nitin Gupta, the equity capital will primarily support lending operations while allocating resources toward artificial intelligence integration, technological advancement, and geographical diversification.
Also Read: GreenFi Secures $2 Million in Seed Funding Led by Transition VC to Expand AI-Powered ESG Platform
Robust Business Performance
Established in 2015 by former banking professionals Nitin Gupta, Amit Kumar, and Viraj Tyagi, Finnable operates through Finnable Credit, its Reserve Bank of India registered non banking financial company arm. The platform specializes in providing personal loans to salaried professionals, which accounts for approximately 95 percent of its current business portfolio. The remaining segment comprises loans against property services, targeting micro, small, and medium enterprises – a product line launched in April 2025 and currently operational across 15 branches.
The company’s financial metrics reflect substantial growth momentum. Assets under management reached Rs 2,924 crore by June 2025, marking a significant increase from Rs 370 crore recorded in March 2022. For the fiscal year 2025, Finnable reported consolidated revenue of Rs 278.49 crore alongside a profit of Rs 6.74 crore, achieving profitability while scaling operations.
Strategic Partnerships
Finnable has established co-lending arrangements with prominent financial institutions including Axis Bank, Utkarsh Small Finance Bank, Vivriti Capital, and TVS Credit. Certain partnerships operate under a first loss default guarantee model, wherein Finnable assumes partial responsibility for loan defaults, demonstrating its commitment to risk sharing with banking partners.
As the digital lending ecosystem evolves, Finnable’s latest funding round positions it strategically for sustained growth and innovation in India’s expanding fintech marketplace.
Also Read: AI Gaming Startup Game State Labs Raises $2 Million in Seed Round Led by PeerCapital and Neon Fund
