Fibe eyeing AUM boost with $90-million fundraise

Fibe (erstwhile EarlySalary) is planning to utilise the latest $90-million funding to increase its assets under management and enhance product offering.

“With this addition of capital, our net worth goes up to around Rs 1,600 crore. When you have more capital available, it causes an improvement in your rating. As our rating improves, we hope to get access to more debt instruments,” Akshay Mehrotra, co-founder and chief executive officer, said.