News | Fibe Elevates Vimal Saboo as CEO of EarlySalary NBFC Arm

Fibe Elevates Vimal Saboo as CEO of EarlySalary NBFC Arm

News

05 July 2025

2 min read

UBS Forums

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Pune-based digital lending platform Fibe has promoted Vimal Saboo to the position of Chief Executive Officer of EarlySalary Services Private Limited (ESPL), its licensed Non-Banking Financial Company (NBFC) subsidiary. The announcement, made on July 4, 2025, marks a significant step as Fibe sharpens its focus on scaling its lending operations and accelerating growth in key segments.

Saboo brings over two decades of experience across financial services, including tenures at Axis Bank, ICICI Bank, and Edelweiss Financial Services. Having served as Chief Business Officer at Fibe for more than nine years, he has led multiple cross-functional initiatives related to lending, analytics, risk management, and business strategy. Under his leadership, ESPL successfully built a robust digital infrastructure and launched credit solutions tailored to underserved borrowers.

Akshay Mehrotra, Fibe’s Co‑founder and Group CEO, commented on the decision: “Vimal has been a driving force behind ESPL’s evolution and success. His elevation to CEO reflects our intent to strengthen our lending business and build a leadership structure that allows sharper focus at both the group and business unit levels.”

In his new role, Saboo will lead key strategic priorities, including scaling ESPL’s lending portfolio, forging strategic partnerships, integrating ESG principles, and expanding tailored credit products for new-to-credit and underserved customer segments. He stated, “My focus will be on driving scale with responsibility, fostering customer trust, and building agile, tech-driven financial solutions that meet the evolving needs of India’s borrowers.”

This leadership change comes on the heels of Fibe’s successful fundraising efforts—a $90 million financing round in June 2024 led by TR Capital, TPG Rise Fund, Norwest, Eight Roads, and Chiratae Ventures—and follows the company’s recent expansion into secured lending and solar financing solutions. Fibe has reported impressive growth, disbursing over 8 million loans worth more than ₹33,000 crore, and witnessed a substantial jump in profitability and loan book size in FY25.

By separating its NBFC operations under dedicated leadership, Fibe aims to enhance focus, governance, and innovation in credit delivery—a strategy aligned with evolving fintech industry demands and the company’s long-term vision.