Ranjan Pai'S Family Office Invests Rs 40 Crore In Finnable
PRIVATEApr 30, 2021
Amount Raised
₹400 Million
Round Type
Funding Round
BengaluruFinancial ServicesFinanceFintechLending
Description
Ranjan Pai-led MEMG family office, which has made investments in several edtech and health tech startups, is investing Rs 40 crore in a fintech startup Finnable for a significant minority stake.
Quick answer
Finnable raised ₹400 Million in a Funding Round round, dated April 30, 2021. Finnable is based in Bengaluru, Karnataka, India.
How much did Finnable raise?
Finnable raised ₹400 Million in a Funding Round round on April 30, 2021.
What does Finnable do?
Finnable is a digital lending startup focused on providing personal loans to salaried professionals.
Where is Finnable based and how big is it?
Finnable is based in Bengaluru, Karnataka, India.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Finnable that raised within 45 days of this round, from Fundz verified event records.
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Company Information
Company
Finnable
Location
Bengaluru, Karnataka, India
About
Finnable is a digital lending startup focused on providing personal loans to salaried professionals. Founded in 2015 by ex-bankers, it also offers loans against property and operates a co-lending model with several partner banks. The company aims to leverage technology and expand its branch network to meet customer needs. With a significant increase in assets under management, it is set to scale its operations and introduce new loan products.
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