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Founded
2015
Headquarters
Pune (India)
Status
Series E
Company Details
Fibe is a digital-first consumer lending platform that offers quick, accessible and flexible credit solutions tailored to the financial needs of young, salaried professionals and self-employed individuals. The company operates entirely online, providing instant personal loans, salary advances and buy-now-pay-later (BNPL) options through its app and website.
core products and services
- Instant Personal Loans: Short-term loans up to ₹5 lakh with quick digital approval and flexible repayment options.
- Salary Advances: Small-ticket credit to salaried individuals to manage month-end cash flow needs.
- Buy Now, Pay Later (BNPL): Interest-free or low-cost EMIs for purchases across partner platforms in education, healthcare, lifestyle, etc.
- Healthcare Financing: EMIs for medical treatments and procedures at partner hospitals and clinics.
- Education Loans: Financing for upskilling and certification courses with flexible repayment plans.
- Digital EMI Card: Pre-approved credit limit to convert online or offline purchases into easy EMIs.
- Credit Score Monitoring: Tools to help users track and improve their credit scores over time.
- Insurance Add-ons: Optional coverage bundled with loans, such as job loss protection or health insurance.
Business Model and Revenue Streams
- Digital Lending Platform: Provides instant credit via mobile app using its own NBFC and lending partnerships.
- Risk-Based Underwriting: Uses alternative data (salary slips, bank statements, spending behaviour) for credit decisions.
- Embedded Finance: Offers BNPL and EMI options integrated with partner merchants in education, healthcare and lifestyle.
- Interest Income: Earned from personal loans, salary advances and BNPL repayments.
- Processing Fees: One-time charges collected from borrowers during loan disbursal.
- Merchant Commissions: Fees earned from merchants for enabling BNPL/EMI purchases.
- Subscription & Add-on Services: Revenue from credit score tools, insurance add-ons and priority services.
- Loan Origination & Servicing Fees: Income from co-lending or managing loans for partner banks and NBFCs.
Key Metrics
Total Equity Funding
$228 Million
No. of Funding Rounds
11
Latest Funding Round
$65.5 Million, Series E
as of May 30, 2024
Post Money Valuation
$586 Million
as of May 30, 2024
Funding Multiple
2.57×
as of May 30, 2024
Investors
TPG
and 5 moreEmployee Count
776
Similar Companies
Drip Capital
Exit Details
-
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| May 30, 2024 | Series E | $65.5 Million | $586.0 Million | - | - | Trifecta Capital, Amara Partners, The Rise Fund, Eight Roads Ventures, Norwest Venture Partners, Chiratae Ventures, TR Capital, Kariba Holdings Mauritius |
| August 10, 2022 | Series D | $110.0 Million | - | $35.5 Million | - | The Rise Fund, Norwest Venture Partners, TPG, Piramal Capital & Housing Finance, Deewan Housing Finance Corporation, Shardul Amarchand Mangaldas, Argus Partners, Cyril Amarchand Mangaldas, Patamar Capital |
| May 10, 2022 | Series C | $13.8 Million | $157.0 Million | $28.7 Million | - | Alteria Capital, Innoven Capital |
| October 5, 2018 | Series B | $6.8 Million | $30.1 Million | $4.3 Million | - | Eight Roads Ventures, IDG Ventures, Chiratae Ventures, Loglabs Ventures, Bhoruka Investment, Transcorp, Abcfinancial |
| December 29, 2017 | Series B | $15.6 Million | $25.0 Million | $1.1 Million | - | Eight Roads Ventures, IDG Ventures, Chiratae Ventures, Loglabs Ventures, Bhoruka Investment, Transcorp, Abcfinancial |
| May 11, 2017 | Series A | $4.2 Million | $12.8 Million | - | $260.0 K | Chiratae Ventures Corporate: Deewan Housing Finance Corporation |