Digital lender Finnable has raised ₹500 crore in a recent equity funding round, spearheaded by Z47 and TVS Capital, signaling robust confidence in the company’s mission. Finnable aims to democratize credit for India’s burgeoning professional demographic by providing responsible, transparent, and easily accessible financial solutions.
Traditionally, consumer credit in India has primarily catered to individuals with extensive credit histories, stable incomes, and well-established relationships with traditional banking institutions. However, Finnable recognizes the potential within India’s younger, more ambitious workforce employed across numerous small and medium-sized enterprises. These professionals have often been underserved in terms of credit access.
Founded by Nitin Gupta and Amit Arora, Finnable integrates data analytics with a robust credit management system, facilitating swift and responsible loan disbursements. These loans are designed to support significant life events for professionals, including healthcare, education, home improvements, and family needs. Finnable’s strategy blends digital underwriting and rapid approvals with physical verification and collection processes. By employing in-house collection executives, Finnable ensures stricter oversight, reduces delinquency rates, and strengthens borrower relationships.
This inclusive and disciplined approach has yielded positive outcomes. A significant 65% of Finnable’s customer base comprises first-time personal loan recipients, yet their repayment behavior mirrors that of experienced borrowers. The business model prioritizes building trust alongside capital, leveraging technology for speed and human interaction for crucial support.
According to Nitin Gupta, CEO and Co-founder, “Finnable was established to address a significant market gap. We’ve developed a business that values trust as much as growth. Many salaried professionals are excluded from formal credit despite their financial discipline. Our model is designed to serve them responsibly, efficiently, and profitably. Our BBB+ rating validates that fintech solutions can be both agile and financially secure.”
Amit Arora, Co-founder, added, “We’ve demonstrated that sustainable lending can be tech-driven, data-centric, and human-focused. Finnable has proven that scalable lending can be both sustainable and socially impactful. Our focus is now on serving over one million customers within the next four years and expanding our loan portfolio to ₹10,000 crore, thereby continuing to promote social welfare at scale.”
Vikram Vaidyanathan, Managing Director at Z47, stated, “Z47 invests in companies that are integral to India’s digital evolution. Finnable is achieving this by using technology, a phygital distribution strategy, and AI to make credit accessible and responsible. The leadership of Nitin and Amit, combined with their focus on risk management and AI-driven fraud prevention, has allowed Finnable to maintain industry-leading asset quality. We are excited to support their continued growth and their development of new loan products that align with customer milestones, fostering financial empowerment.”
Krishna Ramachandran, Managing Partner at TVS Capital, noted, “Finnable’s seamless financial solutions cater to the employees within MSME sectors, integrating digital efficiency with a physical presence to form a remarkably resilient business model. We are pleased to collaborate with Nitin and Amit, whose expertise has helped them create a capital-efficient business with excellent credit underwriting. We anticipate working with them to develop additional products for underserved lending areas.”
Finnable received a BBB+ rating from CARE Ratings in September 2025, a notable achievement for a young NBFC in its initial cycle. The company has sustained a GNPA of 1.1%, significantly below the industry average, and has expanded its AUM to ₹3,100 crore with financial prudence, achieving profitability last year.
This funding will enable Finnable to broaden its product offerings, enhance partnerships with employers and financial institutions, and further invest in technology and data science. As it expands, the company is dedicated to making responsible, inclusive credit accessible for India’s professionals.
Finnable is innovating personal lending for India’s emerging professionals, specifically those earning ₹15,000–₹50,000 monthly, who are often overlooked by traditional credit systems.
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