Fibe has successfully raised ₹225 crore through a Non-Convertible Debenture (NCD) issuance by its NBFC arm, EarlySalary Services Pvt. Ltd. The offering, with each NCD priced at ₹1 lakh, was completed in July 2025 and attracted several institutional investors, including Franklin Templeton Alternative Investment Fund, which alone contributed ₹20 crore to the primary issuance.
This infusion of funds is aimed at driving Fibe’s innovation-led expansion and strengthening its digital lending capabilities. The company intends to meet the growing credit demand of India’s youthful, technology-oriented, and salaried population. Ashish Goyal, Whole-time Director of EarlySalary Services, emphasised that the new capital will help the firm address the evolving credit needs of digitally savvy Indians, while upholding asset quality and scaling its lending operations. The involvement of prominent institutional investors reinforces confidence in Fibe’s long-term vision and the broader digital lending sector.
Established in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe initially focused on salary advance products but has since diversified its offerings significantly. The company now provides personal loans, education and healthcare financing, insurance premium loans, school fee financing, loans against mutual funds, and has ventured into digital fixed deposits and launched India’s first numberless co-branded credit card.
So far, Fibe has disbursed over eight million loans amounting to more than ₹33,000 crore, backed by an extensive network of funding partners. The firm has raised upwards of $230 million through various equity and debt rounds, including recent $90 million Series E and $110 million Series D rounds funded by prominent investors. EarlySalary’s financial performance remains strong, with consolidated revenue doubling to ₹812 crore and profits growing seventeen-fold to ₹101 crore for the financial year 2024.
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The recent NCD funding is expected to further empower Fibe to broaden its reach and innovate digital-first credit products that cater to India’s rapidly digitising population. This capital boost will support the company’s vision of scaling its lending solutions to satisfy the flexible credit requirements of an evolving market and enhance its competitive position in the fintech lending ecosystem.
