Finnable raises Rs 250 Cr led by Z47 and TVS Capital

Digital lending fintech Finnable has raised Rs 250 crore (around $30 million) in a funding round led by Z47 and TVS Capital. The MEMG Family Office, led by Ranjan Pai, also participated in the round.

Entrackr had exclusively reported on this round in September.

Prior to the current round, Finnable raised $5.77 million over three funding rounds from 12 investors, including Manipal Global and MEMG Family Office. 

During the first tranche of Rs 127 crore, Matrix Partners invested Rs 125 crore, while India Nippon infused Rs 2 crore. The company’s total funding to date stands at Rs 540 crore. According to Entrackr’s estimates, Finnable is valued at around Rs 1,300 crore (approximately $150 million) post-money.

The proceeds will be used to support the company’s technology build-out, branch network expansion, and new product development. 

Founded in 2015, Finnable offers personal and property loans to salaried professionals. The firm partners with banks for co-lending and has a growing loan book. According to the website of the company, the company is at an AUM of Rs 3,000 crore and has served over 2.7 lakhs customers.

Finnable reported a consolidated revenue of Rs 278.49 crore and a profit of Rs 6.74 crore in FY25, compared to a revenue of Rs 181.7 crore and a loss of Rs 5.88 crore in FY24.