Fibe’s NBFC arm raises Rs 225 crore via NCDs to fuel innovation and lending growth

EarlySalary Services Pvt. Ltd., the NBFC arm of digital lending platform Fibe, has successfully raised Rs 225 crore through the issuance of Non-Convertible Debentures (NCDs).

The issuance, completed in July 2025, involved multiple institutional investors, including Franklin Templeton Alternative Investment Fund, India (Franklin Templeton AIF), which invested Rs 20 crore in the primary offering.

The NCDs, each with a face value of Rs 1,00,000, mark a significant step in Fibe’s strategy to bolster its lending operations and fuel its innovation-led growth trajectory.


The capital infusion will enable the company to expand its reach and better address the growing credit needs of India’s young, salaried, and digitally savvy population.

Commenting on the development, Ashish Goyal, Whole-time Director at EarlySalary Services Pvt. Ltd., said, “We have always remained focused on maintaining asset quality while working to diversify and institutionalize our funding sources. With the additional debt capital, we will continue to serve the credit needs of India’s rising, digitally savvy population. The participation of institutional investors, especially Franklin Templeton AIF India, is not just a reflection of confidence in our long-term vision, but also in the digital lending sector as a whole. It will further support our growth journey and help us cater to a wider customer base.”

Founded in 2015, Fibe began its journey in the salary advance segment and has since diversified into a broader suite of financial solutions.

The platform now offers products across healthcare and education financing, rooftop solar financing, loans against mutual funds, and digital fixed deposit (FD) assistance—targeting unmet credit demands of salaried professionals across India.

The latest fundraise underlines growing investor confidence in India’s digital lending space, especially in agile, tech-driven NBFCs that are catering to the evolving financial needs of a new generation of borrowers.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)