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Time of India
04-07-2025
- Business
- Time of India
Fibe elevates Vimal Saboo as CEO of non-banking financial arm ESPL
Academy Empower your mind, elevate your skills Pune-based consumer lending platform Fibe has promoted Vimal Saboo as CEO of EarlySalary Services Private Limited ESPL ), its non-banking financial company (NBFC). Saboo currently serves as Chief Business Officer of Fibe, and has served in the leadership role for over nine is looking to strengthen its lending business by scaling up lending operations, improving digital infrastructure, and building tailored credit solutions, it said in a has more than two decades of experience, and has worked with companies such as Axis Bank Edelweiss Financial Services and the current role, Saboo will also focus on expanding the company's reach through strategic partnerships and integrating Environmental, Social, and Governance (ESG) principles to support long-term growth.'Vimal has been a driving force behind ESPL's evolution and success,' said Akshay Mehrotra, cofounder & 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.'This appointment comes after Fibe closed a $90 million financing round in June last year, which included a secondary share sale by existing investors, as reported by ET. The round saw Hong Kong-based TR Capital contribute close to $32 million to acquire a mix of secondary and primary shares.
Time of India
04-07-2025
- Business
- Time of India
Fibe elevates Vimal Saboo as CEO of EarlySalary Services
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bengaluru: Digital lending platform Fibe has elevated Vimal Saboo to Chief Executive Officer of EarlySalary Services Private Limited ( ESPL ), its licensed NBFC (Non-Banking Financial Company) arm, the company said in a statement on takes on this role after serving as Chief Business Officer and being part of the organisation's leadership team for over nine appointment is a significant step in Fibe's ongoing efforts to strengthen its lending business through more focused leadership. In this role, Saboo 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 over two decades in financial services , Saboo 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.'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. 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,' said Vimal Saboo, CEO of leadership development comes as Fibe prepares to refine organisational structure aimed at sharpening business vertical focus, fostering better governance, and laying the groundwork for the company's next phase of innovation-led growth.
