Source: Entrackr
The loans arm of Fibe, EarlySalary, managed to garner ₹225 crore (nearly $26.5 million) for credit activities by way of non-convertible debentures (NCDs), meant for the purpose of reinvestment into lending plans and backing of lending activities. The applied proceeds will be used to address the ever-growing demand for personal loans being sought by youngsters and salaried professionals from across India.
The company’s filings with the Registrar of Companies (RoC) stated that EarlySalary’s board approved the issuance of 20,500 NCDs at a face value of ₹1 lakh each, totaling ₹205 crore. These NCDs are issued in dematerialized form and carry a coupon rate of 10.7%.
The debt round was well-received by a variety of investors. AK Capital Finance led the debt round with an investment of ₹45 crore, followed by SK Finance ₹35 crore, Incred Capital, and Vivriti Alpha ₹20 crore each. Additional investors included MAS Financial Services and IB Future Tech, among others. The Franklin Templeton Alternative Investment Fund invested ₹20 crore through a primary issuance, which contributed to a total of ₹225 crore raised.
Fibe announced in a press bulletin that it plans to use the capital it has raised to fund innovation-led growth and increase its credit products and services. It expects to meet the requirements for digital loans and rapid cash disbursement that come with India’s digital and digitally savvy population.
In June 2025, Fibe’s parent company, Social Worth Technologies, passed a resolution to invest ₹100 crore stake in EarlySalary in different tranches.. The increased risk weights mean lenders have to hold more capital against these loans, leading Fibe to strengthen its balance sheet.
Set up in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe (called EarlySalary previously) is a lending company that gives personal and purpose-based loans in segments like education, healthcare, insurance financing, and school fees. The company also recently announced India’s first numberless co-branded credit card, as part of its strategy to offer a range of modern financial products to the new-age consumer
To date, Fibe has raised over $230 million in equity financings, which includes a $90 million Series E funding, led by TR Capital, Trifecta Capital and Amara Partners. It had previously raised $110 million in a Series D round from TPG and Norwest Venture Partners.
In FY24, the company demonstrated robust financial growth. Revenues increased 100% to ₹812 crore, from ₹392 crore in FY23. Net profit jumped to ₹101 crore, from ₹5.4 crore in FY23. We are yet to see the FY25 results.
