positive
Finnable Secures ₹500 Crore in Equity Funding From New and Existing Backers
Fintech lender Finnable announced the closure of a ₹500 crore equity round, marking one of its largest capital injections to date. The funding was led by Z47 and TVS Capital, with additional participation from select existing investors focused on scalable consumer-lending models. The infusion is intended to accelerate product expansion, strengthen underwriting capabilities, and broaden Finnable’s digital distribution footprint across tier-1 and tier-2 markets.
Management indicated that the capital will also be deployed toward technology upgrades and risk analytics improvements to support sustainable growth in its loan book over the next financial cycle.
Explore:High Return Equity Mutual Fund
positive
Finnable Secures ₹500 Crore in Equity Funding From New and Existing Backers
Fintech lender Finnable announced the closure of a ₹500 crore equity round, marking one of its largest capital injections to date. The funding was led by Z47 and TVS Capital, with additional participation from select existing investors focused on scalable consumer-lending models. The infusion is intended to accelerate product expansion, strengthen underwriting capabilities, and broaden Finnable’s digital distribution footprint across tier-1 and tier-2 markets.
Management indicated that the capital will also be deployed toward technology upgrades and risk analytics improvements to support sustainable growth in its loan book over the next financial cycle.
Explore:High Return Equity Mutual Fund
1 min read
92 words
Finnable raised ₹500 crore in fresh equity led by Z47 and TVS Capital, aiming to enhance product expansion, strengthen underwriting, and upgrade technology for broader lending growth.
Fintech lender Finnable announced the closure of a ₹500 crore equity round, marking one of its largest capital injections to date. The funding was led by Z47 and TVS Capital, with additional participation from select existing investors focused on scalable consumer-lending models. The infusion is intended to accelerate product expansion, strengthen underwriting capabilities, and broaden Finnable’s digital distribution footprint across tier-1 and tier-2 markets.
Management indicated that the capital will also be deployed toward technology upgrades and risk analytics improvements to support sustainable growth in its loan book over the next financial cycle.
Fintech lender Finnable announced the closure of a ₹500 crore equity round, marking one of its largest capital injections to date. The funding was led by Z47 and TVS Capital, with additional participation from select existing investors focused on scalable consumer-lending models. The infusion is intended to accelerate product expansion, strengthen underwriting capabilities, and broaden Finnable’s digital distribution footprint across tier-1 and tier-2 markets.
Management indicated that the capital will also be deployed toward technology upgrades and risk analytics improvements to support sustainable growth in its loan book over the next financial cycle.
Tags:
startups
funding
startups
funding
fintech
india