Fibe Secures USD 90 Million in Series E Round to Empower Young Aspirational India

Fibe, India's leading Fintech firm, raised USD 90 million in a Series E round led by TR Capital, Trifecta Capital, and Amara Partners. Founded by Akshay Mehrotra and Ashish Goyal in 2015, Fibe aims to expand its impact lending segment and enhance its variety of financial solutions.

Fibe, a prominent player in India's Fintech sector, has successfully secured USD 90 million in a Series E funding round. This significant capital infusion was led by TR Capital, Trifecta Capital, and Amara Partners, reflecting strong investor confidence in Fibe's vision and growth trajectory.

Established in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe, previously known as EarlySalary, has matured into a market leader in consumer lending. With a diverse portfolio that includes healthcare loans, edtech financing, and the country's first numberless co-branded credit card, Fibe has continuously innovated to meet the needs of India's young workforce.

Co-founder and CEO, Akshay Mehrotra, remarked on the funding's impact, emphasizing the company's commitment to responsible lending while expanding its reach and technological capabilities to empower India's youth. Fibe is set to utilize the new investment for business expansion, tailored product development, and broader market outreach.

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