Fintech lender Fibe raises $35M in round from IFC

Fibe, a digital lending platform, has raised $35 Mn in its ongoing Series F funding round from the International Finance Corporation (IFC). 

The startup will use the funding to speed up product development and create a single platform for lending, saving, investing, and payments.

Read also- Fintech Startup Skydo Raises $10 million in Series A Round

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.

About Fibe 

Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Pune-based Fibe provides short-term and long-term loans for salaried individuals, ranging from ₹5,000 to ₹5 lakh. Its products include personal loans, loans against mutual funds, medical loans, education loans, solar loans, instant salary advances, and more.

The startup operates in over 940 cities in India, with 8,500+ partner centres and 50+ channel partners, and has disbursed over 9 million loans so far.

In August, Fibe raised ₹225 crore (about $25 million) in debt from financial institutions, including Franklin Templeton Alternative Investments Fund, India.

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Overall, the company has raised more than $266 million in equity funding, including secondaries, from investors such as TPG’s The Rise Fund, Norwest Venture Partners, Eight Roads ventures, TR Capital, Piramal Finance, and Chiratae Ventures.

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