Fibe has raised 35 million US dollars from International Finance Corporation (IFC) in its Series F funding round.
The company will use the capital to strengthen its lending capacity and expand affordable credit for underserved middle income households in India.
Fibe provides cash loans for urgent personal expenses and impact linked financing for medical and education needs.
It has disbursed more than nine million loans and says it is scaling through disciplined credit governance and a focus on financial inclusion for young and tech savvy individuals.
Akshay Mehrotra, MD & Group CEO, Fibe, said,
“IFC’s investment is a meaningful milestone in our journey to make impact-led financial solutions accessible and affordable for millions. Over the years, we have built a diversified base of lending partners, a resilient risk engine, credible credit ratings, and a distribution network that strengthens our reach across India.
This capital will help us enhance our product suite further and deliver a unified experience across borrowing, saving, investing, and payments — while remaining focused on responsible credit and positive socio-economic outcomes.”
Imad N Fakhoury, IFC Regional Division Director for South Asia, said,
“IFC’s equity investment will both expand responsible financing for underserved individuals, especially women, and strengthen Fibe’s responsible finance approach. This support will help families manage healthcare needs, invest in education, and build financial resilience.
This partnership advances our commitment to human capital and inclusive growth by bringing affordable, technology-enabled financial solutions to those who need them most,”
Founded in 2015, Fibe has raised more than 266 million US dollars in equity, including secondaries, from investors such as TPG’s The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance Limited and Chiratae Ventures.
The company reports that it has been profitable for four consecutive years.
Over the past year, it has expanded to more than 940 cities through technology led outreach and now works with over 8,500 partner centers and more than 50 channel partners.
Fibe offers a range of consumer and impact linked loans and works with regulated financial institutions under governance, compliance and risk management standards.
