Fibe eyes upskilling space for lending even as ed-tech faces crunch

The company, which averages around Rs 40 crore in monthly topline sales in the category, partners with upskilling platforms to lend credit to consumers

Even as edtech giant Byju's problem casts its shadow on the educational technology sector, financial technology (fintech) players are not giving up on the sector yet. Digital lending start-up Fibe is eyeing an opportunity to lend to young professionals in the digital upskilling category, Akshay Mehrotra, co-founder and CEO at Fibe, told Business Standard in an interaction.

"We lend to young working professionals, and the age group of 21 to 28 years is our sweet spot which also is the target audience for digital skilling. The company offers (borrowers) three segments; premium, which caters to a ticket size of Rs 2-4