Tech-first gold loan NBFC Arvog, operated by Finkurve Financial Services Limited, has secured Rs 50 crore through a Non-Convertible Debenture (NCD) issuance from Franklin Templeton to accelerate its growth strategy and expand its lending operations across India.
The funding is being raised in two tranches. The company has successfully completed the first tranche of Rs 24 crore, while the remaining amount will be raised through the second tranche in the coming phase.
The fresh capital will be deployed to strengthen Arvog’s lending business, expand its operational footprint, enhance its technology-driven platform, and deepen its presence across both existing and new markets. The investment will also reinforce the company’s capital base, enabling it to serve a larger customer base with innovative and accessible financial products.
The latest fundraising marks another milestone in Finkurve’s growth journey, following previous successful capital raises. The company said the investment reflects continued institutional confidence in its business fundamentals, disciplined lending practices, prudent risk management framework, and long-term growth strategy.
Commenting on the development, Aakash Jain, Chief Financial Officer of Finkurve Financial Services Limited (Arvog), said:
“Welcoming an institution of this stature is a strong endorsement of the trust we have built through consistent execution, prudent financial management, and a disciplined approach to lending. It reflects the strength of our platform, underpinned by robust governance, sound risk management, and a long-term value creation mindset.”
The fundraising comes shortly after Finkurve operationalized its strategic co-lending partnership with Godrej Finance Limited (GFL), a subsidiary of Godrej Capital. Under the Reserve Bank of India’s co-lending framework, both companies are jointly offering gold loan products, allowing them to expand access to secured lending solutions across the country.
Founded with a focus on technology-enabled lending, Finkurve entered the gold loan business in FY21 and has since served more than 50,000 customers through a network of 115+ branches across four states in southern India. Alongside gold loans, the company also offers personal loans and SME financing through partnerships with fintech companies, further diversifying its lending portfolio.
As demand for digital and secured lending solutions continues to rise, Arvog plans to leverage the fresh capital to strengthen its market presence, expand customer reach, and enhance its technology capabilities, reinforcing its position as one of India’s emerging tech-driven gold loan NBFCs.
