Finnable,​‍​‌‍​‍‌​‍​‌‍​‍‌ a digitally powered lending platform, has raised ₹250 crore (around $30 million) in its recent funding round that was mainly led by Z47 and TVS Capital. Besides these, one more investor, the MEMG Family Office that is led by Ranjan Pai, has also participated in this round.

This round of funding comes after Finnable’s earlier three rounds of fundraising, and in total, they have raised $5.77 million from the likes of Manipal Global and the MEMG Family Office. In the current round's first tranche, Matrix Partners contributed ₹125 crore, and India Nippon put in ₹2 crore.

Following this, the total capital raised by Finnable is now at ₹540 crore, and the post-money valuation of the company is around ₹1,300 crore ($150 million).

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Finnable, which was established in 2015, offers personal and property loans to salaried individuals and extends loans to banks via co-lending arrangements. The company intends to use this fresh capital to upgrade its technology, open more branches, and accelerate its product development.

As per Finnable’s website, the fintech has a loan book of ₹3,000 crore and has served over 270,000 customers so far.

On the financial front, Finnable had recorded a revenue of ₹278.49 crore and a net profit of ₹6.74 crore in FY25, thus making a remarkable turnaround from a loss of ₹5.88 crore in FY24 against the revenue of ₹181.7 crore. The growth is a reflection of Finnable’s gradual but firm move forward in the digital lending space in ​‍​‌‍​‍‌​‍​‌‍​‍‌India.