Verified employee & interview reviews

Fibe Reviews

Pune, Maharashtra

4.0/ 5

1 review

Fibe, formerly known as EarlySalary, is a prominent Indian financial technology company and digital consumer lending platform headquartered in Pune, Maharashtra. Founded in 2015 by industry veterans Akshay Mehrotra and Ashish Goyal, the company was established with a core vision to simplify access to credit for salaried individuals and mid-income groups whose financial needs are often underserved by traditional banking institutions. Operating under the corporate identity of Social Worth Technologies Private Limited, the company underwent a strategic rebranding in September 2022, changing its public-facing brand name from EarlySalary to Fibe to better reflect its evolution into a comprehensive, multi-product financial ecosystem. Fibe operates a mobile-first digital platform that leverages advanced artificial intelligence, machine learning, and innovative smart risk-scoring systems. By combining traditional credit evaluation metrics with online scoring and technology-linked risk assessment concepts, Fibe achieves efficient underwriting and automated risk management. This technology-driven approach eliminates the need for physical paperwork and collateral, enabling quick loan approvals and seamless disbursals through its mobile app, which is accessible via the Google Play Store and Apple App Store. The application process is highly secure, as the platform is PCI-DSS compliant and holds an ISO/IEC 27001 certification for data security practices. The company offers a diverse product suite tailored to different lifecycle and consumer demands. Its primary services include instant cash loans and long-term personal loans, with ticket sizes ranging between INR 8,000 and INR 500,000, and flexible repayment tenures spanning 3 to 24 months. Fibe also provides an Instant Salary Advance feature designed for employee financial well-being, alongside specialized Buy Now, Pay Later (BNPL) structures across high-impact sectors. These specialized offerings include financing options for education, solar energy installations, and medical expenses—the latter highlighted by its CareNow PayLater program launched in partnership with Narayana Health. Additionally, Fibe expanded its reach by collaborating with UdChalo to provide specialized personal loans for Indian Defence Personnel, and it partnered with Axis Bank to launch India's first numberless co-branded credit card, enhancing privacy by omitting visible card numbers and CVV codes on the physical plastic. Financially, Fibe has demonstrated significant growth and scaling capacity, expanding its operational footprint from 18 cities to over 350 cities across India, servicing over 25 million users and managing more than six million loan accounts. For the fiscal year 2023, the company reported an operating revenue of INR 414.3 crore and a net income of INR 36.3 crore. The startup is backed by high-profile institutional investors, including Norwest Venture Partners, The Rise Fund (managed by TPG), Chiratae Ventures, Piramal Finance, and Eight Roads. In June 2024, Fibe secured $90 million in a Series E funding round to further enhance its technological infrastructure, expand its product line, and acquire talent.