PE-VC Fund Investments
Digital lender Finnable completes Rs.500-Cr fundraise led by Z47, TVS Capital
Bengaluru-based digital lending platform Finnable has raised INR 500 crore led by Z47 and TVS Capital.Founded by Nitin Gupta and Amit Arora, Finnable provides personal loans to mid-income salaried segment, specifically individuals earning between INR 15,000 and INR 50,000 per month. Finnable operates a "phygital" lending model, combining digital underwriting with on-ground verification, and aims to serve over one million customers in the next four years, expanding its loan book to INR 10,000 crore. The company claims to have achieved Asset Under Management (AUM) of INR 3,100 crore. It reported profitability last year.Finnable plans to use the new funds to expand its product portfolio, strengthen technology platform, and reach more professionals in underserved segments.
Between May 2021 and Aug 2025, Finnable had attracted about USD 67 M from TVS Capital, Z47, Stride Ventures, MEMG Family Office and others.
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