The proposed fundraising comes as Fibe builds a bigger digital lending business. Strengthening its lending subsidiary is the main stated use of the money, alongside broader company needs. The report does not specify the fundraising route or when the transaction is expected to close.

Fibe’s assets under management reached ₹8,603 crore by March 2026, compared with ₹4,064 crore two years earlier. The reported annual growth rate was 45 per cent. Profit rose to ₹257 crore for FY26, against ₹114 crore in the preceding financial year.

The company intends to apply artificial intelligence and machine learning across customer interactions, risk checks, credit decisions and portfolio management. Its Fibe Mind tool gives management real-time access to business information, while an AI engineering agent supports software coding and testing.

During FY26, Fibe handled roughly 1.31 million loan applications a month and disbursed ₹7,614 crore in fresh credit. It recorded 15.74 million distinct applicants over the year, with 2.02 million receiving approval through automated assessment.

Its credit evaluation considers details such as an applicant’s earnings, location, workplace and demographics. An internally developed scorecard also assesses credit bureau information and behavioural signals, making the process broader than a credit score alone.