Fibe Secures $35 Million via a Series F Funding Round 

Fibe, formerly known as EarlySalary, has secured US$35 million from the International Finance Corporation (IFC) in a Series F funding round. 

With this new capital, Fibe plans to expand access to affordable credit for middle-income households in India, particularly those underserved by traditional banks. It intends to use the funds to broaden its product offerings, enhance its digital platform, and support lending for critical needs like healthcare, education, and other essential expenses. 

Founded in 2015 and co-led by founders Akshay Mehrotra and Ashish Goyal, Fibe has evolved from a short-term loan provider into a full-stack fintech firm offering personal loans, long-term loans, loans against mutual funds, digital fixed deposits, and impact-oriented credit (like medical, education and green-energy financing). 

As of the funding announcement, Fibe claims to have disbursed over 9 million loans and expanded its presence to more than 940 cities across India through a network of thousands of partner centres and channel partners. 

This funding round brings the total equity raised by Fibe to more than US $266 million, including previous rounds and secondary transactions. 

IFC said the investment aligns with its commitment to inclusive growth and financial access, especially for underserved individuals in emerging markets. 

Overall, the fresh capital is likely to help Fibe scale up its lending operations, add new services (savings, investment, payments), and deepen its reach into underserved segments — potentially making it a key player in India’s digital lending and inclusive-finance ecosystem.

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