Fibe raises $35 million in Series F funding led by IFC
09 Dec 2025, 05:25 PMThe funding round also saw participation from existing investors including TPG's The Rise Fund and Norwest Venture Partners.
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Consumer lending company Fibe has raised $35 million in its Series F funding round led by International Finance Corporation (IFC), a member of the World Bank Group.
The funding round also saw participation from existing investors including TPG's The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance, and Chiratae Ventures.
To date, the company has raised over $266 million in equity including secondaries.
The fresh capital will be used to enhance its product suite while remaining focused on responsible credit and positive socio-economic outcomes.
The startup, earlier known as EarlySalary, was founded by Akshay Mehrotra and Ashish Goyal in 2015. Fibe offers a broad suite of products including personal loans, long-term loans, loans against mutual funds, digital fixed deposits, and sector-focused impact loans spanning healthcare, education, and solar rooftop installations. The company claims to have facilitated more than 9 million loans so far.
It has expanded its footprint to more than 940 cities across India, deepening access through technology-led outreach and scaling its lending portfolio with over 8,500 partner centers and more than 50 channel partners.
The company closed its $90 million Series E round in June 2024 and $110 million Series D in August 2022.
"IFC’s equity investment will both expand responsible financing for underserved individuals, especially women, and strengthen Fibe’s responsible finance approach," said Imad N Fakhoury, IFC regional division director for South Asia.
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