Finnable, an Indian digital lending platform, has secured ₹500 crore (about $60 million) in a new funding round. Z47 and TVS Capital led the round, with Ranjan Pai’s MEMG Family Office also participating. This brings Finnable’s total funding to ₹540 crore, showing strong investor interest in India’s growing direct-to-consumer financial services market.
Tushar Aggarwal and Amit Arora started Finnable in 2015. The business provides personal and property loans to salaried people through partnerships with banks and NBFCs. Their system uses AI to make getting credit quick and easy, which helps in financial inclusion.
Finnable will use the new funds to improve its tech, expand its products, and grow its network in Tier-1 and Tier-2 cities. They also plan to introduce new digital lending products for millennials and mid-income workers, who are driving the growth in D2C fintech in India.
Finnable’s business is doing well. In FY25, they reported ₹278.49 crore in revenue, a 53% increase from ₹181.7 crore in FY24. They also became profitable, with a ₹6.74 crore profit in FY25, compared to a ₹5.88 crore loss the previous year. Their assets under management (AUM) are now at ₹3,000 crore, with over 2.7 lakh customers.
Previous investors include Matrix Partners, India Nippon, and Manipal Global Education. Sources say that Matrix contributed ₹125 crore in the first part of this round. Finnable’s estimated value after this funding is around ₹1,300 crore (about $150 million).
The founders say they are committed to building a sustainable D2C fintech brand that combines customer trust with technology. A company spokesperson stated that they are working on making financial access easy and responsible for professionals. This funding will help them expand and continue to create new credit options.
The digital lending industry in India is expected to grow to over $350 billion by 2028. Finnable is known for its careful and profitable growth, unlike many startups that spend a lot. By balancing partnerships, risk management, and AI, Finnable is creating a D2C business model that investors like in today’s Indian D2C market.
Finnable is one of many VC-backed D2C financial startups that are growing responsibly while aiming for profits. This shows a shift in the Indian D2C startup scene, where sustainable growth is now the main goal.
