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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Purpose-driven finance has powered the digital lender’s growth, but its durability remains in question.
The over a decade-old digital lending platform Fibe, formerly known as EarlySalary, filed its draft IPO papers through its parent, Social Worth Technologies, earlier this week. The offering comprises a fresh issue of equity shares aggregating up to Rs 750 crore and an offer-for-sale of around 40 million shares by existing shareholders, including TPG’s The Rise Fund III, Norwest Capital, Eight Roads Ventures, and Piramal Finance.
Despite the tepid mood in the broader market, Fibe’s timing is in keeping with renewed investor appetite for consumer lending platforms. Kissht, one of its closest peers, debuted successfully in April this year, with …
The fintech’s financial services business has done reasonably well in Q4 FY26. But upping its lending game without the NBFC tag will be a tall task.
Alongside a decent set of numbers, the Mukesh Ambani-helmed financial services co. has articulated a long-term playbook that could reshape the competitive landscape of financial services.
India’s leading NBFC wants to double its loan book in the next four years by focusing on areas neglected by others. The managing director has a plan for both achieving this growth and fixing its succession crisis.
