Fibe, a digital lending platform, has raised $35 million in its ongoing Series F funding round from the International Finance Corporation (IFC).
The startup will use this money to develop products faster and build a single platform where users can borrow, save, invest, and make payments.
Akshay Mehrotra, MD and 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.”
“Fintech companies like Fibe are at the forefront of India’s financial inclusion efforts, powering widespread access to credit through digital innovation. 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,” said Imad N Fakhoury, IFC Regional Division Director for South Asia.
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Pune-based Fibe offers both short-term and long-term loans to salaried individuals. The loan amounts range from ₹5,000 to ₹5 lakh.
Fibe’s products include personal loans, loans against mutual funds, medical loans, education loans, solar loans, instant salary advances, and several other borrowing options.
Fibe operates in more than 940 cities across India, working with over 8,500 partner centres and more than 50 channel partners. So far, the company has disbursed over 9 million loans.
In August, Fibe also raised ₹225 crore (around $25 million) in debt from financial institutions, including Franklin Templeton Alternative Investments Fund, India.
Overall, the company has raised more than $266 million in equity funding, including secondary investments, from backers like TPG’s The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance, and Chiratae Ventures.
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