Pune-based FIBE, Bajaj’s new racer

Get to know FIBE

• It was founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe’s personal loan and impact loan portfolio today offer healthcare and edtech loans, insurance financing, school fee financing, and more.
• With a focus on lending technology and risk management systems, Fibe claims it has been able to offer lower credit costs to consumers and has a host of financial products like Cash Loans, long-term Personal Loans, and Buy Now Pay Later plans.
• Aiming to make rapid strides in its impact lending segment, Fibe will deploy the new fund for business expansion, market outreach, and for curating tailor-made products across its impact loans portfolio.
• Currently having disbursed more than 6 million loans worth ₹20,000 crore+ since inception, Fibe claims it has impacted over 25 million customers and has a presence in 350 cities in India.

Funding roadmap

• Over the last few years, FIBE has launched multiple financing solutions for healthcare, insurance, and education besides their core personal loan offering to provide affordability to customers.
• The fresh funds will be deployed to further strengthen the existing product lines at Fibe. While remaining committed to their journey towards sustainable expansion and are committed to meeting the evolving needs of our customers.
• The company is into the consumer lending segment with its personal loan and impact portfolio including categories like healthcare loans, edtech loans, insurance financing, school fee financing, and more. It further offers lower credit costs to customers.
• The startup had also recently launched launched India’s first numberless co-branded credit card.

Editor’s Note