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Digital lender Fibe gets Series E cheque from TR Capital, others
VCCircle
·
1y ago
Medial
Lendingtech startup Fibe (formerly EarlySalary) has raised $90 million in Series E funding led by private equity firms TR Capital and Amara Partners, as well as venture debt firm Trifecta Capital. The funding will be used to strengthen Fibe's existing product lines and expand its reach in the Indian market. Fibe offers personal loans and impact loans, such as healthcare loans and school fee financing. The company claims to have lowered credit costs for consumers through its lending technology and risk management systems. Fibe operates in 350 cities in India and has disbursed over 6 million loans worth Rs 20,000 crore since its inception in 2015.
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TPG-backed Fibe set to bag a cheque from new investor
VCCircle
·
2m ago
Medial
Digital lending platform Fibe, backed by TPG and TR Capital, is poised to receive new funding from a global investor. The platform, operated by Pune-based Social Worth Technologies Pvt Ltd, strengthens its financial backing as a marquee investor joins its cap table.
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Fibe seeks fresh funds, TR Capital to lead with $50 million infusion
Livemint
·
1y ago
Medial
Online lending platform, Fibe, is reportedly seeking a new funding round that includes both primary and secondary capital. TR Capital, a global fund specializing in secondary investments, is expected to lead the round and acquire stakes from existing investors. The round is likely to be a secondary transaction, but Fibe may also raise primary capital opportunistically. The company's parent, Social Worth Technologies, was valued at $350 million in its last funding round, and Fibe itself is expected to be valued at $600-650 million. Fibe offers small and personal loans to young working professionals through a digital application process.
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Fibe’s NBFC arm raises Rs 225 crore via NCDs to fuel innovation and lending growth
Economic Times
·
3d ago
Medial
EarlySalary Services, the NBFC arm of digital lending platform Fibe, raised Rs 225 crore through Non-Convertible Debentures with involvement from Franklin Templeton AIF and others. The funds will support lending operations and digital expansion for India’s digitally savvy, salaried population. This fundraising highlights investor confidence in the digital lending sector and Fibe's strategic growth. Founded in 2015, Fibe now offers diversified credit solutions, enhancing access to financial services for tech-savvy Indians.
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Exclusive: Consumer lending startup Fibe raises $66 Mn
Entrackr
·
1y ago
Medial
Digital lending platform Fibe (formerly EarlySalary) has raised Rs 547 crore or $66 million in Series E round led by TPG’s The Rise Fund and Kabira Holdings. This is the first round of investments for the Pune-based company in the past two years. The board at Five has passed a special resolution to issue 5,46,75,600 Series E CCPS at an issue price of Rs 100 each to raise Rs 547 crore, its regulatory filing accessed from the RoC shows. The Rise Fund led the round with Rs 133 crore while Kabira Holdings put in Rs 125 crore. Eight Road Ventures, Norwest Capital, and Trifecta participated with Rs 41.6 crore, Rs 62.5 crore and Rs 55 crore, respectively. Amara Partners and Chirate also invested Rs 29.17 crore and Rs 100 crore. According to filings, the company will use these funds for expansion and growth as per the business plan duly adopted by the board. This is a developing story…
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VC-backed two-wheeler lender OTO eyes larger cheque
VCCircle
·
7m ago
Medial
OTO Capital, a two-wheeler-focused lender, is reportedly in early discussions with major venture capital and growth funds for its upcoming funding round. The company aims to secure an investment amounting to double its previous round. The last known funding round was $10 million. Co-founders Harsh Saruparia and Sumit Chhazed are steering the company through this phase, as they seek more significant financial backing to expand their operations and market reach.
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Affirma Capital raising maiden India private equity fund, gets LP cheque
VCCircle
·
1y ago
Medial
Affirma Capital is raising its first-ever private equity fund for India and has received a capital commitment from a local limited partner. The Singapore-based firm recently reinvested in an Indian portfolio company after a year on the sidelines.
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UAE's Global Ventures gets bigger cheque from returning LP for third fund
VCCircle
·
1y ago
Medial
Global Ventures, a growth-stage venture capital firm in the UAE, has received a significant investment from a returning limited partner for its third fund. The Dubai-based firm, led by managing partner Noor Sweid, currently manages a portfolio of more than 60 companies. The fund has been raising capital since last year and has now secured a commitment from a previous investor, further expanding its financial resources for supporting startups and businesses in the region.
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Mediterrania Capital gets additional cheque from existing LP for fourth fund
VCCircle
·
6m ago
Medial
Mediterrania Capital Partners, an Africa-focused private equity firm with $800 million in assets, is obtaining an additional €15 million ($15.5 million) from an existing limited partner for its fourth mid-cap fund. The Malta-based firm manages a portfolio of nine companies, highlighting its strong investor relationships and ongoing growth in the African market through strategic investments.
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Innoviti pockets another cheque from existing backer Alumni Ventures
VCCircle
·
1y ago
Medial
Indian payment-focused retail software company, Innoviti, has raised funding from US-based Alumni Ventures as part of its ongoing Series E round. The company is raising a total of $9 million, with additional investors set to join by the end of June. Innoviti provides point-of-sale terminals, billing, and customer relationship management software to businesses and retailers. This latest funding comes after the company raised $4.8m in April from Bessemer Venture Partners and Patni Family Office, and $45m in 2022 from Panthera Growth Partners and Alumni Ventures.
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How Xponentia, two offshore VCs gain as Easy Home Finance gets new backers
VCCircle
·
9m ago
Medial
Indian private equity firm Xponentia Capital Partners and two international venture capital firms are set to benefit from their investments in Easy Home Finance Ltd. The mortgage lender recently raised fresh funding, adding new investors to its cap table. This development presents a positive upside for Xponentia and the offshore VCs involved.
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