Digital lenders clock strong FY26 on sturdier fundamentals
New-age fintech lenders like Fibe, Navi, and Kreditbee have achieved profitable growth in FY26, demonstrating business maturity despite economic headwinds. This strong financial performance positions them well for planned public listings, with Kre...
Leading new-age fintech lending startups have reported profitable growth in FY26 despite business headwinds and a slowing economy, showing maturity and stability in their businesses. Unlisted digital lenders like Fibe, Navi and Kreditbee reported healthy profit after taxes, according to their regulatory filings sourced by ET.
A strong balance sheet performance puts them in a good stead ahead of a planned public listing either later this year or early next year. Listed player Kissht also reported profits in its final quarter and the overall fiscal. While FY25 and FY26 turned out to be a strong show for the newage fintech startups, how the coming months play out will be crucial as the Indian economy is expected to enter into a slow lane due to the prolonged global oil crisis amid the West Asia conflict.
According to data sourced by ET, Bengaluru-based Kreditbee has reported the highest net profit for FY26 at Rs 478 crore, more than doubling from Rs 221 crore in the previous year. Its operating revenue stood at Rs 3,025 crore, up from Rs 2,185 crore in FY25.
IPO-bound Kreditbee raised one of the largest venture rounds in the digital lending space last year, with a $280-million funding round in a mix of primary and secondary capital, which valued the lending startup at $1.5 billion. Pune-based Fibe, which has also started its IPO preparations, grew its revenue 37% to Rs 1,288.5 crore in FY26, and its net profit stood at Rs 165 crore, up 64% year-on-year.
TPG-backed Fibe raised $35 million from the International Finance Corporation in December 2025 and is reportedly seeking to raise Rs 1,0001,500 crore through its public listing. “Consumer lending startups tightened their lending game plans and strengthened their balance sheets.
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Now that the Kissht IPO has sailed through, it should encourage other players to also go for their public listing soon instead of waiting for perfect market conditions,” said Rohan Lakhaiyar, partner at Grant Thornton Bharat, a consultancy major.
