Indian digital lending firm Finnable secures $30m
- ByStartupStory | November 11, 2025
Bengaluru-based digital lending startup Finnable has successfully raised around $30 million (Rs 250 crore) in a fresh funding round led by Z47 (formerly Matrix Partners) and TVS Capital. This marks the second tranche of funding from these investors, with the first infusion also valued at Rs 250 crore in November 2024, taking the company’s total capital raised to approximately Rs 540 crore.
Founded in 2015 by ex-bankers Nitin Gupta, Amit Kumar, and Viraj Tyagi, Finnable focuses on providing personal loans primarily to salaried professionals, with average loan tenures around 42 months. The company operates through an RBI-registered NBFC arm called Finnable Credit. As of June 30, 2025, Finnable’s assets under management (AUM) stood at Rs 2,924 crore, a sharp increase from Rs 370 crore in March 2022.
Nearly 95% of Finnable’s business comes from personal loans, while the rest comprises loans against property targeting micro, small, and medium enterprises. The fintech also offers loans through co-lending partnerships with major banks and financial institutions such as Axis Bank, Utkarsh Small Finance Bank, Vivriti Capital, and TVS Credit. Part of the co-lending operates under a first loss default guarantee model, where the fintech absorbs a portion of defaults.
In the financial year 2025, Finnable reported consolidated revenue of Rs 278.49 crore with a net profit of Rs 6.74 crore. The fresh funding will be used to expand the company’s technology capabilities, branch network, and launch new product lines, including a recently introduced loan against property product currently offered through 15 branches.
Z47’s managing director Vikram Vaidyanathan said the firm is proud to deepen its partnership with Finnable as the startup continues scaling and innovating loan products designed around customer life goals. With a growing focus on technology and AI-powered credit decisioning, Finnable aims to capture a larger share of India’s expanding digital lending market.
The new capital injection and strong backing from prominent investors position Finnable well for accelerated growth and product diversification in the increasingly competitive Indian fintech landscape. Its ability to blend technology and traditional lending partnerships underscores the firm’s ambition to drive inclusive access to credit for India’s salaried and MSME segments.
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