Profitable fintechs lead India’s next IPO wave, with Fibe among key contenders
India’s next fintech IPO cohort is being judged on profits, lending quality and governance. Fibe reported FY26 operating revenue of ₹1,585 crore, net profit of ₹257 crore and AUM of ₹8,603 crore, while Moneyview, Navi, KreditBee and PhonePe advance listing plans.
Indian fintechs including Fibe, Moneyview, Navi, KreditBee and PhonePe are preparing for IPOs as public-market investors shift toward profitability, durable unit economics, governance, diversified revenue and lending asset quality.
Why this matters
Fibe’s reported FY26 profitability adds financial evidence to its IPO preparation after the company launched an AI credit-health tool ahead of a proposed ₹750 crore fresh issue.
retail-company is accelerating, up +407733% QoQ.
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