Fintech startup Fibe raises $35 million from IFC in series F round

Share via:



Fintech lender Fibe, backed by TPG, has secured $35 million from the International Finance Corporation (IFC) as part of its series F funding. With the capital, the startup aims to improve access to affordable credit for underserved middle-income households in India, it said on Tuesday.

ET had reported about this deal being in the works in August this year.

Formerly known as EarlySalary, the NBFC offers cash loans to meet personal expenses and impact-linked financing for medical treatments and education. In a statement, the startup said it has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Fintech startup Fibe raises $35 million from IFC in series F round



Fintech lender Fibe, backed by TPG, has secured $35 million from the International Finance Corporation (IFC) as part of its series F funding. With the capital, the startup aims to improve access to affordable credit for underserved middle-income households in India, it said on Tuesday.

ET had reported about this deal being in the works in August this year.

Formerly known as EarlySalary, the NBFC offers cash loans to meet personal expenses and impact-linked financing for medical treatments and education. In a statement, the startup said it has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

AI won’t steal jobs, ours is last generation to...

Tech giant Microsoft's India and South Asia President...

tvOS 26.2 now available for Apple TV 4K, here’s...

Apple’s latest lineup of software updates has arrived,...

Today’s NYT Strands Hints, Answer and Help for Dec....

Looking for the most recent Strands answer? Click here for...

Popular