PE Fund Investments
Consumer lending startup Fibe raises $90-M in Series E round
Pune-based consumer lending platform Fibe (earlier known as EarlySalary) has raised USD 90 million in its Series E round led by TR Capital, Trifecta Capital, and Amara Partners with participation from existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Venture, and Chiratae Ventures. The deal also included a secondary component.The company offers personal and impact loans in multiple categories including healthcare, edtech, insurance financing, and school fees financing Fibe has disbursed more than 6 million loans worth more than INR 20,000 crore since inception and has expanded its presence from 18 to 350 cities.Fibe plans to utilise the primary component of the latest investment to enhance its impact lending portfolio by focusing on market outreach and curating tailor-made lending products.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
