Fibe crosses Rs 10,000 cr in loan disbursals, aims to double AUM every year

Launches upgraded app with conversational user interface as firm turns seven

“India’s largest consumer lending app, Fibe, formerly called EarlySalary, has disbursed four million loans worth Rs 10,000 crore to date. The firm aims to double its assets under management (AUM) each year going forward.

As it marked its seventh anniversary on Wednesday, Fibe launched its 3.0 app version featuring a conversational user interface (UI), besides personalised and cross-selling capabilities. With the upgraded app, the brand aims to offer a simplified and immersive experience to new and existing users.

“Today, our app has started getting 1 million new customers a month,” Fibe Co-founder and CEO Akshay Mehrotra told Business Standard. “We are