Finnable Closes ₹500 Cr Equity Raise to Drive the Future of Credit Access in India

Finnable, one of India’s fastest-growing lending platforms, has announced the closure of a ₹500 crore equity raise led by Z47 and TVS Capital. The funding marks an important milestone in Finnable’s vision to make credit more inclusive, accessible, and empowering for India’s new-age professionals.

Focused on the mid-income salaried segment — individuals earning between ₹15,000 and ₹50,000 a month — Finnable bridges the gap between formal banking and informal credit, helping millions of Indians borrow confidently and transparently.

In September 2025, Finnable also secured its first-ever credit rating — BBB+ from CARE Ratings — making it one of the handful of young NBFCs to earn this rating in its very first cycle.

Finnable has maintained an exceptionally low GNPA of just 1.1%, well below the industry average. Today, the company has scaled to an AUM of ₹3,100 crore with remarkable financial discipline — burning almost no equity to get there, and turning profitable last year. Together, these achievements underscore Finnable’s financial strength and capital discipline.

Finnable’s lending model is built on a phygital foundation — combining digital underwriting and instant approvals with on-ground verification and collections. Every collections executive is on payroll, ensuring tighter control, lower delinquencies, and stronger borrower relationships.

“Finnable was built to solve a real gap. Today, we’ve built a business that earns trust before it earns scale,” said Nitin Gupta, Co-founder & CEO, Finnable.

“Millions of salaried professionals fall through the cracks of formal credit despite being financially disciplined. We built a model that serves them responsibly, at scale, and profitably. Our first-time BBB+ rating is proof that fintech can be both fast and financially sound.”

The company’s customer-first approach and data-driven risk models have helped it stand apart in the fintech ecosystem. In fact, 65% of Finnable’s customers are first-time personal loan borrowers, yet their repayment behaviour has matched that of experienced borrowers.

Amit Arora, Co-founder, Finnable, added:

“Over the last few years, we’ve proven that sustainable lending can be tech-first, data-driven and deeply human. Finnable has shown that lending at scale can be both sustainable and socially meaningful. We’re now focused on serving over one million customers in the next 4 years and expanding our loan book to ₹10,000 crore, continuing to drive social good at scale.”

Vikram Vaidyanathan, Managing Director at Z47 added:

“Z47 invests in companies that shape the digital fabric of a developed India. Finnable is doing just that: leveraging technology, "phy-gital” distribution and the power of AI to bring accessible & responsible credit to millions. Nitin and Amit’s multi-decadal experience in lending coupled with a sharp risk focus and AI-enabled fraud prevention has enabled Finnable to operate with industry-leading asset quality. We are proud to double-down on our partnership with them as they continue scaling their business and introducing new loan products designed around customer life goals - ensuring financial empowerment for India’s rising professionals”.

Krishna Ramachandran, Managing Partner, at TVS Capital, said,

“Finnable’s frictionless financing solutions cater to the often-overlooked employees of MSME segments, combining digital efficiency with physical presence to create a uniquely resilient business model. We are thrilled to partner with Nitin and Amit, whose deep expertise in the space has helped them build a very focused, capital-efficient business with great credit underwriting. We look forward to the next few years partnering with them in building more products for underserved white spaces in lending.”

This round of funding will accelerate Finnable’s next phase of growth — expanding its product portfolio, strengthening its technology platform, and reaching more professionals in underserved segments. By focusing on responsible credit access and long-term customer success, Finnable continues to redefine what financial empowerment looks like in India’s growing economy.

Finnable is a leading financial technology company democratising access to personal loans for India's salaried professionals. The company provides personal loans to make the lives of millions of salaried earners less stressful, more productive, and significantly happier through responsible lending practices. Founded by seasoned fintech entrepreneurs Nitin Gupta, and Amit Arora, the company leverages deep expertise in financial technology and risk management to deliver loans in minutes.

TVS Capital Funds (TCF) is a leading growth private equity fund manager with a 17-year legacy, dedicated to empowering India's Nextgen entrepreneurs in building enduring businesses. Specialising in Financial Services and Technology, TCF primarily targets the Indian market. With over 35 partnerships and 28 exits, TCF manages approximately ₹5,000 crore across Fund 3 and Fund 4, making it one of the largest rupee capital funds. Our investment philosophy is based on ideas-driven investing and research into multi-decadal businesses, we provide capability capital to our portfolio companies. As we raise our fourth fund, we support India's journey towards a $10 trillion economy.

Founded in 2006, Z47 is an investment Firm with more than 150 investments till date and an AUM of over $3.5 billion. Guided by a ‘founders first’ philosophy, Z47 is committed to backing missionary founders leading India to its goal of becoming a developed nation by 2047, prioritizing founders over markets.