ENA Sectors 2024-06-06 16:50:23 <p><span style="font-size:14px"><strong>New Delhi, Jun 6 (KNN)</strong> Fibe, a fintech company founded in 2015 that provides consumer financing solutions like healthcare loans, edtech loans, and school fee financing, has raised USD 90 million in a new funding round.</span></p> <p><span style="font-size:14px">The round was led by investors TR Capital, Trifecta Capital, and Amara Partners. Existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures, and Chiratae Ventures also participated.</span></p> <p><span style="font-size:14px">The funding includes both primary investments into the company as well as secondary transactions.</span></p> <p><span style="font-size:14px"> This capital will fuel our growth and help us empower more young people in India to achieve their dreams through accessible financing, said Fibe co-founder and CEO Akshay Mehrotra.</span></p> <p><span style="font-size:14px">Since its founding, Fibe has disbursed over 6 million loans totaling more than 20,000 crore rupees (USD 2.5 billion).</span></p> <p><span style="font-size:14px">The fresh funds will be used to expand Fibe's product offerings, strengthen its technology, and grow its reach across India.</span></p> <p><span style="font-size:14px"> We're committed to sustainable expansion to meet the evolving needs of our customers, added Fibe co-founder and CFO Ashish Goyal.</span></p> <p><span style="font-size:14px">Fibe's lending solutions aim to increase access to financing for things like education, healthcare, and other consumer needs.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38099 https://knnindia.co.in/news/newsdetails/sectors/fintech-startup-fibe-raises-usd-90m-in-funding-round 2024-06-06 16:50:23 knnindia.co.in