Fibe, formerly known as EarlySalary, is a prominent fintech company that provides digital lending services in India. Founded in 2015 by Akshay Mehrotra and Ashish Goyal, the company is headquartered in Pune, Maharashtra. Fibe has successfully raised significant funding, reaching a total of $90 million in its latest funding round as of 2024. Fibe specializes in offering instant personal loans, salary advances, and Buy Now Pay Later (BNPL) services, establishing itself as a leader in India's consumer lending landscape.
| Attribute | Information |
|---|---|
| Founding Date | 2015 |
| Headquarters | Pune, Maharashtra, India |
| Founders | Akshay Mehrotra, Ashish Goyal |
| Revenue | $750 million (as of May 2025) |
| Profits | INR 36.3 Cr (FY23 Net Profit) |
| Key Investors | TR Capital, Trifecta Capital, Amara Partners |
| Industry | Fintech |
| Number of Employees | Approximately 876 (Feb 2025) |
Fibe began its journey in 2015 under the name EarlySalary, focusing on providing instant cash loans and salary advances to young professionals in India. Recognizing a gap in the financial services market for quick and easy access to personal loans, the founders Akshay Mehrotra and Ashish Goyal leveraged technology to create an app-based platform. This platform aimed to offer a seamless borrowing experience with minimal documentation and quick approval processes. Initially, targeting salaried employees, Fibe quickly gained traction due to its efficient service and user-friendly interface, paving the way for rapid expansion in the Indian fintech space.
Fibe has evolved significantly since its inception. Originating as a digital lender focusing on salary advances, the company expanded its offerings to include diverse financial products. Over time, Fibe incorporated personal loans, BNPL options, and has even partnered with several large financial entities to broaden its scope. Among its notable achievements:
Fibe operates as a leading digital lending platform, providing young, tech-savvy Indians with flexible financial solutions. Its current market strategy includes leveraging technology to refine its risk assessment models and enhancing customer experience through its user-friendly app. By maintaining a strong focus on data security and privacy, Fibe has achieved an ISO/IEC 27001 certification. The company continues to innovate within the fintech space by offering credit solutions that cater to diverse customer needs, which has significantly bolstered its market position. With plans to expand geographically and enter new credit domains, Fibe is well-positioned for ongoing growth.
Fibe has established itself as a pioneer in the fintech industry, particularly in the consumer lending segment in India. By continuously innovating and expanding its service offerings, Fibe has maintained a competitive edge in the digital lending market. The company's focus on technological advancement, strategic partnerships, and a customer-centric approach has contributed to its strong market position and financial growth. As Fibe continues to explore new opportunities within the fintech landscape, its role in shaping the financial future of young consumers in India remains pivotal, setting the stage for future expansion and success.