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

Finnable, a Bangalore-based credit technology company, led by Nitin Gupta, Amit Arora, Sandeep Koul, and others, has closed a ₹500 crore equity raise led by Z47 and TVS Capital. 

The funding marks a key step in Finnable’s mission to make credit inclusive and accessible for India’s new-age professionals. Targeting the mid-income salaried segment (₹15,000–₹50,000 monthly earners), Finnable bridges the gap between formal banking and informal credit, enabling millions to borrow with confidence and transparency.

In September 2025, Finnable earned a BBB+ rating from CARE Ratings, becoming one of the few young NBFCs to achieve this in its first assessment cycle. The company has maintained a GNPA of just 1.1%, far below industry averages, and scaled to an AUM of ₹3,100 crore with minimal equity burn. Having turned profitable last year, Finnable’s performance highlights its financial strength, operational prudence, and capital discipline.

Finnable’s lending model follows a phygital approach, blending digital underwriting and instant approvals with on-ground verification and in-house collections. By keeping every collections executive on payroll, the company ensures better control, lower delinquencies, and stronger borrower relationships.

Finnable addresses the credit gap for salaried professionals often excluded from formal lending, combining responsible, profitable, and tech-driven solutions. The company plans to serve over one million customers and grow its loan book to ₹10,000 crore in the next four years.

The funding will accelerate Finnable’s growth by expanding its product portfolio, enhancing its technology platform, and reaching more underserved professionals, reinforcing its mission to provide responsible credit and redefine financial empowerment in India.