IPO-bound Fibe launches AI tool to improve consumers' credit health

IPO-bound digital lending platform Fibe (Social Worth Technologies Ltd), backed by TPG, has launched Credit AI Radar (CAIR), an AI-powered credit intelligence platform that uses its proprietary engine FibeSense to help consumers understand and improve their credit health. The company had filed its DRHP in June with SEBI for an IPO comprising a fresh issue of up to 750 crore rupees and an offer-for-sale of more than 4 crore equity shares. Kotak Mahindra Capital, Axis Capital, DAM Capital Advisors, and JM Financial are the book-running lead managers for the issue.