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Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...- Bharti Airtel's Rs 20,000 crore NBFC gambit: A Jio-style pivot or costly distraction?Bharti Airtel is injecting Rs 20,000 crore into its new NBFC, Airtel Money Limited. This move positions the company as a direct lender, com...
- Fintech startup Fibe raises $35 million from IFC in series F roundFintech lender Fibe, formerly EarlySalary, has secured a significant $35 million from the International Finance Corporation (IFC) as part o...
- It would be great for NBFCs to have stable funding sources: Jairam Sridharan, MD, Piramal FinancePiramal Finance is setting its sights on a robust expansion with a goal of amassing ₹1.5 lakh crore in assets under management by 2028. To ...
- Fintech lender Zype raises Rs 90 crore in round led by Japanese VC fund Unleash Capital PartnersExisting investor Xponentia Capital also participated in the funding round. The new round of fundraise should be enough for the company to ...
- Fibe’s NBFC arm raises Rs 225 crore via NCDs to fuel innovation and lending growthFibe's NBFC arm, EarlySalary Services, raised Rs 225 crore via NCDs, with key backing from Franklin Templeton AIF. The funds will boost len...
- Digital lending startup Fibe eyes $35 million fundraise from IFCIt has sought the participation of its existing investors — Eight Road Ventures, Norwest Venture Partners, and TPG, which had invested thro...
- Amara Partners nears ₹800 cr debut fundraiseAmara Partners, founded by Parag Shah, is nearing the close of its debut ₹800 crore fund, with Anand Mahindra as a key investor. The fund h...
- Fibe elevates Vimal Saboo as CEO of non-banking financial arm ESPLFibe's digital lending platform elevates Vimal Saboo to CEO of EarlySalary Services Private Limited (ESPL), its NBFC arm. With over two dec...
- Fibe elevates Vimal Saboo as CEO of non-banking financial arm ESPLIn the current role, Saboo will also focus on expanding the company's reach through strategic partnerships and integrating Environmental, S...
- ETtech Explainer: Why are fintechs and VC going chasing secured loans?Investor interest is shifting away from unsecured lending platforms to secured platforms. This has led to more fintech startups moving towa...
- Stuck digital lenders look to RBI to ease unsecured loan rulesThe digital lending industry is urging the Reserve Bank of India (RBI) to reinstate short-term credit products, underscoring a clear need w...
- Fintech startups freeze salary loan products as RBI cracks down on unsecured loansThe advance salary product was designed for working professionals to take an instant personal loan for about a month, similar to a salary a...
- Consumer-lending fintechs report surging numbers in FY24; slowdown emerging in current fiscalFintech firms in consumer lending such as Navi, Kreditbee, Moneyview, and Fibe reported strong profits and revenue growth in the last finan...
- Lending startup Fibe closes $90 million financing in mix of primary and secondary transactionPune-based consumer lending startup Fibe is raining money at a time when fintech lending startups focusing on unsecured consumer lending ar...
- Consumer lending apps on track on profitability frontFreo joins the likes of Navi, Fibe and Kreditbee in profitability, reports positive cash flow over the last four months. They target variou...
- Digital lending sector continued steady growth in September quarter: reportThe report estimated that around three crore loans were disbursed during the quarter by these 37 companies, of which 28 are either NBFCs th...
- Unsecured loans in focus, fintechs see NBFC credit taps drying upLarge NBFCs like Aditya Birla Finance and Poonawalla Fincorp have informed the fintech startups they do business with that they will no lon...
- Fintech lenders see profits in FY23 after rough couple of yearsAfter years of logging losses and write-offs, Lendingkart, Indifi, Fibe and a few others are in the black and hoping to stabilise their bus...
- 2022 Year in Review | A tumultuous 2023 awaits fintech startupsWith the regulatory overhang on fintechs continuing, and the Reserve Bank of India (RBI) taking steps to regulate various aspects of the se...
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