Indian FinTech Fibe, a leader in the consumer lending segment, has successfully raised $90m in a Series E funding round.
The investment was led by TR Capital, Trifecta Capital, and Amara Partners, with participation from existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures, and Chiratae Ventures. The funding round included both primary and secondary transactions.
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe, previously known as EarlySalary, specialises in personal and impact loans, including healthcare, edtech, and insurance financing. The company recently launched India’s first numberless co-branded credit card and focuses on lending technology and risk management systems to offer lower credit costs to consumers.
The new funds will be used for business expansion, market outreach, and the development of more tailor-made products within its impact loan portfolio. This aligns with Fibe’s mission to support young India’s aspirations by providing reliable credit solutions.
Fibe has made significant strides in transforming the lives of over 25 million customers, expanding its presence from 18 to 350 cities. Since its inception, the company has disbursed more than 6 million loans worth over ₹20,000 crores.
Akshay Mehrotra, Co-founder & CEO, Fibe, said, “The infusion of new capital not only fuels our growth but also highlights our dedication to empowering India’s youth on their journey towards fulfilling their dreams. At Fibe, we believe in fostering a culture of responsible lending and borrowing, thereby ensuring that every opportunity we provide aligns with our borrowers’ aspirations and financial well-being.
“With this new capital injection, we are poised to expand our reach, strengthen our technological infrastructure, and deepen our impact across India. Together, we continue to pave the way for a future where every individual has the tools and support they need to thrive financially.”
Ashish Goyal, Co-founder & CFO, Fibe, added, “Over the last few years, we have launched multiple financing solutions for healthcare, insurance and education besides our core personal loan offering to provide affordability to customers. The fresh funds will be deployed to further strengthen the existing product lines at Fibe. We remain committed to our journey towards sustainable expansion and are committed to meeting the evolving needs of our customers.”
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