Fibe raises $35 million from IFC

The Series F round strengthens Fibe’s balance sheet and supports disciplined, long-term portfolio expansion.

Pune, 9 December 2025: In an effort to increase access to affordable credit for underserved middle-income households in India, Fibe today announced a $35 million investment from International Finance Corporation (IFC)—a member of the World Bank Group—as part of its Series F funding round.

As one of India’s leading fintech, Fibe offers cash loans to meet urgent personal expenses as well as impact-linked financing for essential needs, such as medical treatments and education. Fibe has facilitated more than 9 million loans to date making it a major fintech player in healthcare and education financing. The platform continues to scale responsibly, backed by disciplined credit governance and a purpose-driven approach to financial inclusion.

Akshay Mehrotra, MD & 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.

Founded in 2015, Fibe has evolved from a consumer lending platform into a full-stack financial services provider serving the aspirations of young and tech-savvy Indians. To date, the company has raised over $266 million in equity (including secondaries) and is backed by marquee investors including TPG’s The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance Limited, and Chiratae Ventures. Since inception, Fibe has maintained strong growth momentum and has been profitable for four consecutive years.

Over the last year, it has expanded its footprint to more than 940 cities across India, deepening access through technology-led outreach and scaling its lending portfolio—with over 9 million loans given, 8,500+ partner centers, and 50+ channel partners.

Fibe’s impact-linked lending portfolio aligns with the United Nations Sustainable Development Goals (SDGs) by creating affordability for essential medical services as well as learning and upskilling opportunities — fostering inclusive economic growth in partnership with key ecosystem players.

About Fibe

Fibe is a consumer lending fintech that offers accessible, digitally-enabled credit solutions for young and tech-savvy individuals across India. The platform provides a broad suite of products including personal loans, long-term loans, loans against mutual funds, digital fixed deposits, and sector-focused impact loans spanning healthcare, education, and solar rooftop installations.

With a mobile-first approach, Fibe enables users to manage their credit needs through a streamlined digital journey built around transparency and ease of use. The company works with regulated financial institutions and operates on established governance, compliance, and risk management standards to support responsible access to credit.