Finnable closes Rs 500 crore funding led by Z47, TVS Capital
11 Nov 2025, 04:16 PMThe MEMG family office, led by Ranjan Pai, has also invested in the company.
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Digital lending startup Finnable said it has closed its equity fund raise of Rs 500 crore led by Z47 and TVS Capital.
The funding came in two tranches with Rs 250 crore infused in August while the same amount came in November last year.
The MEMG family office, led by Ranjan Pai, has also invested in the company
The fresh capital will help the company expand its product portfolio, strengthen its technology platform and reach more customers in the underserved segments, said Finnable in a statement.
Finnable, which was founded in 2015 by Nitin Gupta, Amit Arora, and Viraj Tyagi, provides personal and property loans to salaried professionals through co-lending partnerships with banks.
The company currently manages an assets under management (AUM) of Rs 3,000 crore and has served over 2.7 lakh customers.
"We’re now focused on serving over one million customers in the next 4 years and expanding our loan book to Rs 10,000 crore, continuing to drive social good at scale," said Arora, co-founder, Finnable.
The company reported consolidated revenue of Rs 278.49 crore and a profit of Rs 6.74 crore in FY25, compared to revenue of Rs 181.7 crore and a loss of Rs 5.88 crore in FY24.
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