Fibe raises INR 225 Crores through NCD issuance to bolster lending activities and fund growth projects aimed at innovation
Fibe's NBFC Arm Raises INR 225 Crore for Growth and Expansion
EarlierSalary Services Pvt Ltd, the non-banking financial company (NBFC) arm of fintech brand Fibe, has successfully raised INR 225 crore through the issuance of Non-Convertible Debentures (NCDs). The funds will be utilised for innovation-driven growth initiatives and to strengthen and expand the company's lending operations for young, salaried, digitally savvy customers.
The capital raise, completed in July 2025, saw participation from multiple institutional investors. One of the notable participants was Franklin Templeton Alternative Investments Fund, India, which subscribed INR 20 crore in the primary issuance.
The funds raised will help Fibe to drive growth and reinforce its lending capabilities. Over the years, Fibe has disbursed more than eight million loans worth over INR 33,000 crore through its lending partners. The company's offerings include a wide range of financial products such as personal loans, healthcare financing, education loans, insurance premium financing, school fee financing, solar rooftop financing, loans against mutual funds, digital fixed deposits, and India's first numberless co-branded credit card.
Fibe, founded in 2015 by Akshay Mehrotra and Ashish Goyal, initially operated in the salary advance segment but has since expanded its portfolio to cater to various financial needs of salaried professionals. The company's Whole-time Director, Ashish Goyal, stated that the company will continue to serve the credit needs of India's digitally savvy population.
This debt financing round is intended to diversify and institutionalise funding sources while maintaining asset quality. It is part of a broader capital-stack and growth strategy, with Fibe reportedly pursuing a larger equity raise and previously closing a Series E in mid-2024.
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- The vision of Fibe's non-banking financial company (NBFC) arm is to utilize the INR 225 crore funding raised through the issuance of Non-Convertible Debentures (NCDs) for growth and expansion initiatives, focusing on innovation and strengthening lending operations.
- The recent funding round, which saw participation from multiple institutional investors including Franklin Templeton Alternative Investments Fund, India, will help Fibe's growth by driving innovation and reinforcing its lending capabilities.
- The business strategy of Fibe involves diversifying and institutionalising funding sources, maintaining asset quality, and pursuing a larger equity raise, as demonstrated by its completion of a Series E round in mid-2024 and the current debt financing round.
- With a wide range of financial products such as personal loans, healthcare financing, education loans, and digital fixed deposits, Fibe aims to continue serving the credit needs of India's digitally savvy population and cater to various financial needs of salaried professionals, following its expansion from the salary advance segment.
