Digital lending platform Fibe (formerly EarlySalary) delivered a strong financial performance in FY25, with operating revenue rising 49% year-on-year to ₹1,228 crore, compared to ₹824 crore in FY24. The company also reported a 13% increase in net profit to ₹114 crore during the fiscal year ended March 2025.
The performance precedes the impact of its recent $35 million Series F funding round led by the International Finance Corporation (IFC), which is expected to reflect in FY26 growth metrics.
Interest Income Drives Growth
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe offers personal loans, long-term loans, loans against mutual funds, and fixed deposits across sectors such as healthcare, education, and solar installations. The platform claims to have facilitated over 9 million loans, with cumulative disbursements exceeding ₹40,000 crore through a network of more than 8,500 lenders.
Interest income remained the primary revenue driver, contributing over 80% of total operating revenue and crossing ₹1,000 crore in FY25, marking a 46% growth year-on-year. The company also generated servicing fee income by managing collections and loan administration for partner banks and NBFCs, including Northern Arc Capital, InCred Finance, and Tata Capital.
Income from guarantee premiums fees earned for offering default protection to lending partners grew 83% to ₹104 crore. Additional revenue streams included marketing and commission income.
Non-operating income rose to ₹41 crore, taking total income for FY25 to ₹1,269 crore.
Rising Finance Costs and Write-Offs
Finance costs formed the largest expense component, accounting for 62% of total expenditure at ₹691 crore an 85% increase from FY24. This included ₹257 crore in loan write offs and ₹207 crore in guarantee losses.
Advertising and promotional expenses stood at ₹128 crore, while employee benefit costs rose 34% to ₹111 crore, including ₹9.2 crore in ESOP expenses. Overall expenditure climbed to ₹1,112 crore from ₹706 crore in FY24.
Despite higher costs, improved income streams enabled Fibe to maintain profitability. On a unit level, the company spent ₹0.91 to earn ₹1 of operating revenue.
As of March 2025, Fibe reported total current assets of ₹3,135 crore, including ₹259 crore in cash and bank balances.
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