Fibe Elevates Vimal Saboo as CEO of ESPL, Sharpens Focus on NBFC Operations

• Vimal Saboo elevated as CEO of EarlySalary Services Private Limited (ESPL), the NBFC arm of Fibe.
• The move supports the company’s mission to deliver more inclusive, tech-driven financial solutions at scale.

Mumbai, July 4, 2025 – Fibe, a leading digital lending platform, has announced the elevation of Vimal Saboo to Chief Executive Officer of EarlySalary Services Private Limited (ESPL), its licensed NBFC (Non-Banking Financial Company) arm. Vimal takes on this role after serving as Chief Business Officer and being part of the organization’s leadership team for over nine years.

This appointment is a significant step in Fibe’s ongoing effort to strengthen its lending business through more focused leadership. In this role, Vimal will lead efforts to scale ESPL’s lending operations, enhance digital infrastructure and build tailored credit solutions for underserved customer segments. He will also focus on expanding the company’s reach through strategic partnerships and integrating ESG (Environmental, Social, and Governance) principles to support sustainable, long-term growth.

With over two decades in financial services, Vimal has built deep expertise across lending, analytics, risk, and business strategy. At ESPL, he has led several cross-functional initiatives that have contributed significantly to the company’s expansion and operational efficiency – making him a natural choice for this role.

“Vimal has been a driving force behind ESPL’s evolution and success,” said Akshay Mehrotra, Co-founder & Group CEO of Fibe. “His elevation to CEO of ESPL 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. I’m confident Vimal will continue to drive excellence, agility, and customer-centric growth at ESPL.”

“It’s a privilege to lead ESPL at such a defining moment in our growth story. Having been part of the company’s journey for nearly a decade, I’ve seen first-hand the transformative power of innovation in lending. 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. I’m grateful to Akshay, Ashish and the board for their continued support, and excited for what lies ahead,” said Vimal Saboo, CEO of ESPL.

This leadership development comes as Fibe prepares to refine organizational structure aimed at sharpening business vertical focus, fostering better governance, and laying the groundwork for the company’s next phase of innovation-led growth.

About Fibe

Fibe is one of India’s leading consumer lending apps focused on young, aspirational, and tech-savvy Indian consumers. It is building a financial ecosystem that enables the mid-income group and the underserved segments to fulfil their financial aspirations. Fibe offers a range of financial products, including cash loans, long-term personal Loans, and Impact loans for sectors like healthcare and education, making affordability more accessible.

Fibe offers instant approvals and quick disbursals. Fibe’s Tech Arm Social Worth Technologies Private Limited has partnered with Axis Bank to offer a secure, numberless credit card ensuring a seamless user experience.

Fibe has grown multifold over the years and emerged as a market leader in providing financial assistance to young middle-income and underserved groups in India. Due to its scalable business model, Fibe has recently been upgraded to A- by CARE Ratings and has access to debt lines from leading banks, NBFCs and wholesale debt markets. It has been certified with ISO/IEC 27001 for its Information Security Management System (ISMS). Fibe has disbursed more than 8 million+ loans worth Rs. 33,000 Cr+ since inception through its lending partners.

• Winner of BW Festival of Fintech Lending Platform of the Year (Gold) and Fintech Brand of the Year (Silver)
• ET Healthcare Awards 2024 – Excellence in Affordable Healthcare Financing
• Entrepreneur 2024 Founder Of The Year & Best Innovation in Financial Services
• Winner of G20 Digital Innovation Alliance – Best Startup in Fintech