Indian digital lending platform Fibe to raise up to $181m in IPO

Fibe, a digital lending startup in India, plans to raise between 1,000 crore to 1,500 crore rupees (or US$120 million to US$181 million) via an IPO, which could value the organization at over US$1 billion, sources said.

Fibe reportedly selected Axis Capital, Kotak Mahindra Capital and JM Financial as lead bankers to execute the IPO, with potentially a fourth banker selected shortly thereafter. The IPO is expected to take place sometime mid to late 2026.

Fibe (formerly known as EarlySalary) has raised approximately US$228 million to date, and the company had a valuation of approximately US$600 million following a US$90 million round in 2024.

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Key Highlights

Fibe Plans Rs. 1,000–1,500 Cr IPO, Eyes Unicorn Valuation by 2026 - Digital lending platform Fibe targets a public listing that could push its valuation past $1 billion, signaling strong growth in India's fintech sector.
Backed by $228M in Funding, Fibe Taps Top Bankers for IPO - With prior backing of $228 million, Fibe partners with Axis Capital, Kotak Mahindra Capital, and JM Financial to lead its IPO journey.
India’s Fintech Boom Continues as Fibe Joins 2026 IPO Wave - Formerly EarlySalary, Fibe is among several mid-sized Indian fintechs preparing for public markets amid rising investor interest in digital finance.

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Fibe's IPO announcement comes as a multitude of mid-sized Indian fintechs have been gearing up to enter the public markets.