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Synopsis
TR Capital, Trifecta Capital and Amara Partners led a $90m Series E round in Fibe, a consumer lending app, with participation from TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures and Chiratae Ventures. "The infusion of new capital not only fuels our growth but also highlights our dedication to empowering India's youth on their journey towards fulfilling their dreams. At Fibe, we believe in fostering a culture of responsible lending and borrowing, thereby ensuring that every opportunity we provide aligns with our borrowers' aspirations and financial well-being. With this new capital injection, we are poised to expand our reach, strengthen our technological infrastructure, and deepen our impact across India. Together, we continue to pave the way for a future where every individual has the tools and support they need to thrive financially," Akshay Mehrotra, Fibe Co-founder & CEO.
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