Digital lending firm Fibe raises $35 million led by International Finance Corporation

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Digital lender Fibe has secured $35 million from the International Finance Corporation (IFC) under its Series F funding round, the company said on Tuesday. The funding comes as the firm is also looking to hit the public markets in the coming year.

The startup said it will use the funds to strengthen its balance sheet and support measured portfolio expansion across lending, savings, investing and payments.

The round adds to Fibe’s earlier equity raises, taking its total equity funding to over $266 million.

“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,” said Akshay Mehrotra, Co-founder & CEO of Fibe.

He added the fresh capital will help Fibe improve its product suite and deliver a unified experience across borrowing, saving, investing and payments.

IFC’s investment underscores growing investor interest in fintech firms catering to underserved households. The funding is also expected to help Fibe deepen its impact-oriented lending, particularly for medical, education, and other essential-expense financing.

Founded in 2015 (formerly known as EarlySalary), Fibe claims to have disbursed over 9 million loans across more than 940 cities in India. As per reports, the company is now preparing for an initial public offering as it plans to raise Rs 1,000–1,500 crore via IPO, targeting a valuation above US$1 billion by mid-2026.