Fibe raises $27m to boost digital credit access

By Vriti Gothi

Fibe, a consumer lending platform, has raised $27 million through its NBFC arm, EarlySalary Services Pvt. Ltd., via a successful issuance of Non-Convertible Debentures (NCDs).

The issuance, completed in July 2025, attracted participation from multiple institutional investors, including Franklin Templeton Alternative Investment Fund, India (Franklin Templeton AIF), which subscribed INR 20 crore in the primary round.

The funds will support Fibe’s strategic focus on accelerating innovation, scaling its technology stack, and deepening access to credit for India’s growing base of young, salaried and digitally native consumers. This infusion of long-term debt capital also reinforces the company’s commitment to building a diversified and institutionalised funding base, enabling sustainable growth in India’s evolving FinTech ecosystem.

Ashish Goyal, Whole-time Director, EarlySalary Services Pvt. Ltd., said, “We have always remained focused on maintaining asset quality while working to diversify and institutionalise our funding sources. With the additional debt capital, we will continue to serve the credit needs of India’s rising, digitally savvy population. The participation of institutional investors, especially Franklin Templeton AIF India, is not just a reflection of confidence in our long-term vision, but the digital lending sector as a whole. It will further support our growth journey and help us cater to a wider customer base.”

Founded in 2015, Fibe began its journey in the salary advance segment and has since expanded into a full-stack digital financial services provider. Its diversified portfolio includes healthcare and education financing, solar rooftop loans, Loan Against Mutual Funds, digital fixed deposits, and long-term personal loans. These offerings are designed to meet the evolving needs of aspirational, underserved professionals seeking seamless and transparent credit solutions.

Backed by a scalable and secure digital infrastructure, Fibe has disbursed more than 8 million loans worth over INR 33,000 crore through its network of lending partners. The company recently received a credit rating upgrade to A- by CARE Ratings and is certified under ISO/IEC 27001 for its Information Security Management System. These milestones reflect Fibe’s operational resilience and its emphasis on responsible, technology-enabled credit delivery.

The successful NCD issuance marks a significant step in Fibe’s long-term strategy to reimagine credit for India’s digital generation and contribute meaningfully to the country’s financial inclusion agenda.