Key Highlights:
- ONDC Integration: Fibe has joined the ONDC Network to offer credit services in underserved areas, becoming one of the first fintechs onboarded in the financial services-credit category.
- Quick Loan Access: Fibe will provide cash loans ranging from INR 20,000 to INR 5,00,000, with a fully digital process that allows customers to secure a loan within 6-7 minutes.
- Enhanced Experience: Fibe has upgraded its infrastructure to ensure seamless credit access for customers on the ONDC platform.
- Focus on Financial Inclusion: This partnership aims to extend Fibe’s services to remote areas, supporting financial inclusion across the country.
- Fibe’s Impact: With a presence in 350 cities, Fibe has disbursed over 6.5 million loans worth INR 22,500 crore, empowering millions of customers.
About ONDC:
- A government initiative launched in December 2021 to revolutionize digital commerce in India through an open, interoperable network.
About Fibe:
- Formerly known as EarlySalary, Fibe is a top consumer lending app in India, offering a range of financial products, including cash loans, personal loans, and Buy Now Pay Later (BNPL) options. The company is recognized for its fast processing times and fully digital loan application process.