Pune-based digital lender Fibe is set to raise up to ₹1,500 crore through an Initial Public Offering (IPO), targeting a valuation exceeding $1 billion. The funds will be used to strengthen its lending operations, enhance product offerings, and scale across underserved markets.
Fibe, formerly known as EarlySalary, is a fast-growing fintech company headquartered in Pune, Maharashtra. The company operates in the digital lending space, offering short-term credit solutions such as personal loans, salary advances, and Buy Now Pay Later (BNPL) services to salaried professionals. Its NBFC arm, EarlySalary Services Pvt. Ltd., is registered with the Reserve Bank of India and enables the company to disburse credit directly to consumers.
Fibe plans to raise between ₹1,000 crore and ₹1,500 crore through an upcoming IPO. The offering is expected to value the company at over $1 billion, marking a significant milestone in its evolution from a lending startup to a large-scale fintech enterprise. The IPO will support strategic investments in technology, product development, and the expansion of its NBFC-led credit operations.
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The structure of the IPO is currently being finalized, with the appointment of lead merchant bankers expected by the end of this quarter. Subject to regulatory approvals, the public listing may take place in mid-to-late 2026.
IPO Details:
| Parameter | Information |
| Company Name | Fibe (formerly EarlySalary) |
| Headquarters | Pune, Maharashtra, India |
| Industry | Financial Technology (Fintech) |
| Core Business | Digital Consumer Lending |
| NBFC Arm | EarlySalary Services Pvt. Ltd. |
| IPO Size | ₹1,000 – ₹1,500 crore |
| Expected Valuation | Over $1 billion |
| Lead Bankers | To be finalized |
| Listing Timeline | Tentatively mid-to-late 2026 |
This IPO plan follows the company’s recent capital infusion of ₹225 crore into its NBFC unit through non-convertible debentures, aimed at augmenting its lending capacity. Fibe has built a presence across more than 350 cities in India, offering flexible credit solutions to an emerging class of urban and semi-urban consumers.
With its end-to-end digital onboarding process, AI-powered underwriting, and in-house lending license, Fibe stands out among Indian fintechs for its vertically integrated business model. The company is now preparing to scale further into Tier-II and Tier-III regions, leveraging its strong tech infrastructure and expanding user base.
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