Fibe, formerly known as EarlySalary, has experienced remarkable financial growth in the fiscal year ending March 2025. The consumer lending firm witnessed a substantial increase in operating revenue, crossing Rs 1,200 crore, and a notable profit spike of 13%. Co-founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe offers personal loans, long-term loans, and loans against mutual funds and fixed deposits, catering to sectors like healthcare, education, and solar rooftop installations.
The core of Fibe’s revenue generation stems from interest on loans, contributing over 80% to its total operating revenue. In FY25, this income surged by 46%, surpassing the Rs 1,000 crore mark. Additionally, Fibe earned revenue from servicing fees, guarantee premiums, marketing, commissions, and various other operational sources.
Despite facing significant finance costs, primarily driven by loan write-offs and losses on guarantees invoked, Fibe managed to post a 13% increase in profit, reaching Rs 114 crore. The company’s strategic partnerships with banks and NBFCs have strengthened its position in the consumer lending market, facilitating over 9 million loans and disbursing more than Rs 40,000 crore through a network of 8,500 lenders.
With a focus on operational efficiency and diversification of revenue streams, Fibe’s financial performance in FY25 highlights its resilience and adaptability in the dynamic consumer lending landscape.
Source: Entrackr : Latest Posts