New Delhi, Fintech firm Fibe on Wednesday said it has raised US$90 million in a funding round led by TR Capital, Trifecta Capital and Amara Partners.
Fibe's existing investors TPG Rise Fund, Northwest Venture Partners, Eight Roads Ventures and Chiratae Ventures also participated in the funding round, including primary and secondary transactions.
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finance such as healthcare loans, edtech loans, insurance financing and school fee financing, etc.
“The infusion of new capital not only accelerates our growth, but also highlights our dedication towards empowering India's youth on their journey to achieving their dreams. With this new capital investment, we are expanding our reach Ready to expand, strengthen our technology infrastructure and deepen our.” Impact across India,” said Akshay Mehrotra, co-founder and CEO of Fibe.
Fibe claims to have disbursed over 6 million loans worth over Rs 20,000 crore since inception.
Ashish Goyal, Co-Founder and CFO, Fibe, said, “The fresh funds will be used to further strengthen the existing product range at Fibe. We are committed to our journey towards sustainable expansion and to respond to the growing needs of our customers. Committed to completion.”
Fibe's existing investors TPG Rise Fund, Northwest Venture Partners, Eight Roads Ventures and Chiratae Ventures also participated in the funding round, including primary and secondary transactions.
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finance such as healthcare loans, edtech loans, insurance financing and school fee financing, etc.
“The infusion of new capital not only accelerates our growth, but also highlights our dedication towards empowering India's youth on their journey to achieving their dreams. With this new capital investment, we are expanding our reach Ready to expand, strengthen our technology infrastructure and deepen our.” Impact across India,” said Akshay Mehrotra, co-founder and CEO of Fibe.
Fibe claims to have disbursed over 6 million loans worth over Rs 20,000 crore since inception.
Ashish Goyal, Co-Founder and CFO, Fibe, said, “The fresh funds will be used to further strengthen the existing product range at Fibe. We are committed to our journey towards sustainable expansion and to respond to the growing needs of our customers. Committed to completion.”
