Digital lending startup Fibe eyes $35 million fundraise from IFC

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Digital lending startup Fibe is looking to raise $35 million through a fresh funding round led by International Finance Corporation (IFC), the impact investing arm of the World Bank Group, according to two people in the know.

The Pune-based consumer lending startup has also reached out to its existing investors to participate in this round, the people added. Fibe is backed by Eight Road Ventures, Norwest Venture Partners, and the alternative asset investor TPG, which has invested through The Rise Fund.

Emailed queries to IFC and Fibe went…



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Digital lending startup Fibe eyes $35 million fundraise from IFC



Digital lending startup Fibe is looking to raise $35 million through a fresh funding round led by International Finance Corporation (IFC), the impact investing arm of the World Bank Group, according to two people in the know.

The Pune-based consumer lending startup has also reached out to its existing investors to participate in this round, the people added. Fibe is backed by Eight Road Ventures, Norwest Venture Partners, and the alternative asset investor TPG, which has invested through The Rise Fund.

Emailed queries to IFC and Fibe went…



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.

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