Fibe Joins ONDC Network to Expand Credit Access Across India

Fibe, a leading fintech in India, has integrated onto the ONDC Network to extend credit services to underserved areas. The platform offers quick online loans and aims to simplify the borrowing process. This move supports financial inclusion, empowering young salaried individuals across the country.

Fibe, India's leading fintech, has joined the ONDC Network to provide credit services to previously underserved regions. By becoming one of the first fintechs on the Open Network's financial services-credit category, Fibe aims to extend its reach significantly.

The platform will offer cash loans ranging from INR 20,000 to INR 5,00,000, granting young salaried individuals rapid credit access. Cutting down on lengthy administrative processes, Fibe promises loan approvals within 6-7 minutes of online application. Enhanced infrastructure is in place to ensure a seamless user experience on the ONDC Network.

Fibe's co-founder and CEO, Akshay Mehrotra, expressed pride in joining the ONDC Network, emphasizing the mission to drive financial inclusion. T Koshy, MD & CEO of ONDC, highlighted this partnership's potential to democratize financial services and empower economically underserved populations. Since its inception, Fibe has expanded its services to over 350 cities, disbursing more than INR 22,500 crore in loans to 25 million customers.

(With inputs from agencies.)