Fibe promotes Vimal Saboo as CEO of non-banking financial arm ESPL

Consumer lending platform Fibe has elevated Vimal Saboo as CEO of its NBFC arm, EarlySalary Services Pvt Ltd (ESPL). Saboo, who previously served as Chief Business Officer, has been with the company for nearly a decade.

With this leadership move, Fibe aims to scale its lending operations, enhance its digital infrastructure and develop secured credit products alongside its core unsecured consumer loans.

Saboo brings over 20 years of experience, having worked with major financial institutions like Axis Bank, ICICI Bank and Edelweiss Financial Services.

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“Vimal has been a driving force behind ESPL’s evolution and success,” said Akshay Mehrotra, group CEO of Fibe. “His elevation to CEO of ESPL reflects our intent to strengthen our lending business and build a leadership structure that allows sharper focus at both the group and business unit levels.”

In his new role, Saboo will also focus on expanding Fibe’s reach through strategic partnerships and embedding Environmental, Social and Governance (ESG) principles into the company’s operations to drive sustainable, long-term growth.

“It’s a privilege to lead ESPL at such a defining moment in our growth story,” said Saboo. “My focus will be on driving scale with responsibility, fostering customer trust, and building agile, tech-driven financial solutions that meet the evolving needs of India’s borrowers.” Also Read

Saboo’s appointment follows Fibe’s $90 million funding round in June last year, which included a secondary share sale by existing investors.

Since its inception, Fibe has disbursed over 8 million loans totaling more than ₹33,000 crore. The company was recently upgraded to an A- rating by CARE Ratings and is backed by debt lines from banks, NBFCs, and wholesale markets. It has also diversified its offerings, launching numberless credit cards in collaboration with Axis Bank.