Finnable Raises ₹500 Crore in Fresh Funding Round Led by Z47 and TVS Capital even as Valuation Soars to ₹1,200 Crore
Bengaluru-based digital lending fintech startup Finnable has secured ₹500 crore (approximately $60 million) in its latest equity funding round led by Z47 and TVS Capital.
The round also saw participation from the MEMG Family Office, helmed by Ranjan Pai, further strengthening Finnable’s investor base.
According to sources , this marks one of the most significant fundraising rounds for Finnable to date, pushing its total funding to approximately ₹540 crore. The company’s valuation is now estimated at around ₹1,200 crore (about $150 million) post-money.
Strong Backing from Leading Investors:
Prior to this round, Finnable had raised $5.77 million across three earlier funding rounds from 12 investors, including Manipal Global and the MEMG Family Office.
In the first tranche of this latest raise, Matrix Partners contributed ₹125 crore, while India Nippon invested ₹2 crore — signaling strong institutional confidence in the company’s business model and growth trajectory.
Fueling Growth in India’s Digital Lending Market:
Founded with a mission to make credit more accessible and hassle-free, Finnable leverages technology to simplify lending for salaried professionals and small business owners. The new infusion of funds will be used to enhance Finnable’s technology stack, expand its loan offerings, and strengthen its customer acquisition efforts across tier-2 and tier-3 cities in India.
Riding the Fintech Wave:
With India’s digital lending market projected to exceed $350 billion by 2030, Finnable’s latest capital raise comes at a pivotal time. The company’s focus on responsible lending, AI-driven risk assessment, and a seamless digital user experience positions it as a strong player in India’s fast-growing fintech landscape.
About Finnable:
Finnable is a Bengaluru-based fintech startup that provides digital personal loans through its mobile and web platforms. By combining data analytics, AI-driven credit evaluation, and a user-friendly interface, the company aims to make financial access faster, fairer, and more inclusive.
Team : Creditmoneyfinance / StartupIndia.Club
