India, Nov. 11 -- Lending tech startup Finnable has raised INR 500 Cr ($56.5 Mn) in an equity funding round led by existing investors Z47 and TVS Capital.

The fresh capital will help the startup expand its product portfolio, strengthen its technology stack, and grow its customer base.

As per a report by ET, the startup had raised INR 250 Cr in the first tranche of the round in August and the second tranche of the round in November.

Founded in 2015 by Nitin Gupta, Viraj Tyagi and Amit Arora, Finnable is a personal loan platform offering quick, paperless loans ranging from INR 25,000 to INR 10 Lakh. It primarily serves mid-income salaried professionals earning between INR 15,000 and INR 50,000 per month.

"We're now focused on serving ov...