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Pune Startup Fibe Secured $90 Million Investment in Series E Round

Pune-based fintech company Fibe has consistently generated profits for 12 consecutive quarters. The company recently raised $90 million in a Series E funding round led by TR Capital, Trifecta Capital, and Amara Partners. Existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures, and Chiratae Ventures also participated, with the round including both primary and secondary transactions.

Founded in 2015 by Akshay Mehrotra and Ashish Goyal as EarlySalary, Fibe has raised nearly $199 million in primary funding to date. The company is a prominent player in the consumer lending segment, offering personal and impact loans in categories such as healthcare, edtech, insurance, and school fee financing. With a strong emphasis on lending technology and risk management, Fibe provides consumers with lower credit costs. Recently, it launched India’s first numberless co-branded credit card.

Fibe is expanding beyond traditional financial solutions, making significant progress in its impact lending segment. The new funds will support business expansion, market outreach, and the development of more tailored products within its impact loan portfolio. Co-founder and CEO Akshay Mehrotra stated that the capital infusion would drive growth and promote responsible lending and borrowing practices. “With this new capital injection, we are poised to expand our reach, strengthen our technological infrastructure, and deepen our impact across India,” he said.

Co-founder and CFO Ashish Goyal highlighted that Fibe has introduced multiple financing solutions for healthcare, insurance, and education alongside its core personal loan offerings in recent years. The new funds will further enhance these product lines. Fibe aims to reach AUM levels of ₹5,000-6,000 crore this fiscal year, following disbursals of ₹10,000 crore last year. Operating in the unsecured segment with a 91% repeat rate, the company has shifted to higher-quality customers and reduced exposure to smaller loans. Almost 40% of Fibe’s loans are co-lent with eight to ten large NBFC partners. The average loan tenure has increased from one to six months, with the average ticket size growing from ₹20,000 to ₹60,000 and the average EMI around ₹7,000.

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