About Fable Fintech
Fable Fintech is a Financial Services company based in Mumbai (India) founded in 1999 by Naushad Contractor and Hershel Asmani. End-to-end cross-border payment solutions are provided for businesses via SaaS. Fable Fintech has raised $2.97 million across 8 funding rounds from investors including Paytm, ICICI Bank and Infibeam Avenues. The company has 203 employees. Fable Fintech was last valued at $29.06 million in October 2024. Its chief executive, as recorded, is Naushad Contractor. Its Indian entity Fable Fintech Private Limited reported revenue of ₹36.37 Cr. Fable Fintech offers products and services including Fable Processing Suite, Fable Growth Suite, Inward Wire Solution, Fable Management Suite, and Fable API Hub. Its focus areas include FinTech, Digital Remittance, Enablers and Software for MTOs.
Company details
Fable Fintech was founded in 1999 in Mumbai, India, and operates in the fintech sector. A SaaS platform is offered to banks, financial institutions, and SMEs for international remittances. Multi-country and multi-currency services are facilitated through omnichannel products that comply with KYC and AML regulations. Cross-border payments are enabled for businesses seeking efficient global transactions.
- Headquarters Mumbai, India
- Employees 203
- Founders Naushad Contractor, Hershel Asmani
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website fablefintech.com
- Social LinkedIn X Facebook
- Legal Name Fable Fintech Private Limited
- Date of Incorporation 27 Dec, 1999
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹36.37 Cr
FY 2025 · +62% YoY
- Net Loss-₹11.69 Cr
FY 2025 · -32% margin
- EBITDA-₹10.59 Cr
FY 2025 · -29% margin
- Total Equity Funding$2.97M (USD)
in 8 rounds
- Latest Funding Round$2.97M (USD), Series B
Oct 2024
- InvestorsPaytm
& 30 more
- Employee Count203
Associated legal entities of Fable Fintech
Fable Fintech operates through Fable Fintech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fable Fintech Private Limited CIN U72200MH1999PTC123313 | Active | 27 Dec 1999 | Mumbai, Maharashtra | ₹36.4 Cr | 203 | 3 | View details |
Products & Services of Fable Fintech
Fable Fintech offers a comprehensive portfolio of products and services, including Fable Processing Suite, Fable Growth Suite, Inward Wire Solution, Fable Management Suite, and Fable API Hub.
Manages inward and outward remittance operations for financial institutions securely.
Enables launching branded cross-border payment services with rapid go-to-market features.
Handles end-to-end inward wire transfers with compliance and fraud prevention.
Supports treasury operations for cross-border transactions and partner integrations.
Provides pre-integrated APIs for payment ecosystems and regulatory technologies.
Funding Insights of Fable Fintech
Fable Fintech has successfully raised a total of $2.97M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $2.97 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.97M
- Total Rounds 8
- Last Round Series B — $2.97M
- First Round $248,616
(Mar 2012)
- Investors Count 31
All 8 funding rounds of Fable Fintech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $2.97M | Series B | $29.06M | Tenacity Ventures | – |
| Oct 2023 | $400,175 | Unspecified | $19.79M | Infibeam Avenues | |
| Aug 2022 | $1.28M | Unspecified | $••••• | Ashish Kacholia | |
| Apr 2021 | $4.29M | Unspecified | $••••• | Pentathlon Ventures, Ashish Kacholia | |
| Oct 2018 | $1.35M | Unspecified | $••••• | ICICI Bank | – |
| Jul 2017 | $2.94M | Unspecified | $••••• | Paytm, Muthoot Fincorp | |
| Nov 2016 | $1.03M | Unspecified | $••••• | CCAvenue | – |
| Mar 2012 | $248,616 | Unspecified | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2024 | $29.06M | •••••••• |
| Oct 2023 | $19.79M | •••••••• |
| Aug 2022 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Oct 2018 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
| Nov 2016 | $••••• | •••••••• |
| Mar 2012 | $••••• | •••••••• |
Full valuation and stage history of Fable Fintech
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $29.06M (Oct 2024). 31 investors in total: 11 institutional and 20 angel.
Investors in Fable Fintech
Fable Fintech has secured backing from 31 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Paytm, ICICI Bank and Infibeam Avenues.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology investment firm focusing on early-growth stages and software businesses in India. | 2021 | tenacity.vc | Mumbai, India | |
Investing in seed-stage B2B SaaS companies with a focus on digital transformation and emerging tech in India. | 2020 | pentathlon.vc | Pune, India | |
Sector-agnostic acceleration is provided to startups by Alacrity. | alacrity.co | Kanata, Canada | ||
Digital payment solutions and enterprise software platforms are provided. | 2007 | ia.ooo | Gandhinagar, India | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | paytm.com | Noida, India | |
Commercial bank | 1994 | icicibank.com | Mumbai, India | |
Non-banking financial company specializes in providing a range of financial products & services | 1887 | muthootfincorp.com | Thiruvananthapuram, India | |
Merchant accounting, credit card processing, and payment gateway solutions for businesses | 2001 | ccavenue.com | Gandhinagar, India | |
Wallet-based payment solutions are provided for consumers and businesses. | 2000 | one97.com | Noida, India | |
Business process outsourcing services are provided by Verity. | verity.co.in | Hyderabad, India |
Investor details for Fable Fintech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Fable Fintech Private Limited (Fable Fintech)
Fable Fintech Private Limited is the primary company behind Fable Fintech. The board of Fable Fintech Private Limited currently have 3 directors; the longest-serving is Naushad Jehangir Contractor, appointed in 2021. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naushad Jehangir Contractor DIN 01587876 | Director | 06 Jul 2021 | 5 yrs 4 mo | Fable Fintech Private Limited |
| Sunil Satyanarayan Dayma DIN 00264850 | Director | 29 Jun 2024 | 2 yrs 4 mo | Fable Fintech Private Limited |
| Rohit Razdan DIN 05138893 | Nominee Director | 25 Nov 2024 | 1 yr 11 mo | Fable Fintech Private Limited |
People of Fable Fintech
14 people are tracked at Fable Fintech (4 in leadership, 10 in team); the tracked headcount is 203.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Nihar Jain | Chief Product Officer | Leadership |
Alok Mahapatra | Vice President | Leadership |
Krishna Biswas | Java Developer | Team |
Amol Kothule | Test Engineer At Fable Fintech Pvt Ltd | Team |
Shubham Gupta | Java Developer | Team |
Shashi Kumar Gupta | Project Manager | Team |
Pradeep Nishad | Java Developer | Team |
Bhavin Parmar | Project Management Team Lead | Team |
Govinda Maharana | Senior Product Manager | Team |
Priti Maurya | QA Tester | Team |
Digesh Mhatre | Test Engineer | Team |
Ganesh Gadge | Software Test Engineer | Team |
Complete people profiles for Fable Fintech
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Financials of Fable Fintech
Figures of Fable Fintech Private Limited, the primary company behind Fable Fintech, for FY 2025. Revenue was ₹36.37 Cr (+62% year on year). Net loss was -₹11.69 Cr (-32% margin). EBITDA was -₹10.59 Cr (-29% margin). Revenue has grown at a compounded annual rate of +45% over three years and +31% over five years.
- ₹36.37 CrRevenue · FY 2025 · +62% YoY
- -₹11.69 CrNet loss · -32% margin
- -₹10.59 CrEBITDA · -29% margin
- ₹1.52 CrPaid-up capital
- 203Employees (provident fund records)
- +45%Revenue CAGR, 3 years
- +31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fable Fintech Private Limited are on its company page.
Detailed financial statements for Fable Fintech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Fable Fintech
4 dated milestones of Fable Fintech across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Fable Fintech is founded.
- Funding First funding round of $249K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $3.0M.
Web traffic of Fable Fintech
Websites that share an audience with Fable Fintech (fablefintech.com).
Websites whose visitors overlap most with Fable Fintech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| triologic.com | 100% | 1.1K | #13,921,529 | View details | |
powersoft.in | powersoft.in | 100% | #9,787,392 | – | |
xanthus.in | xanthus.in | 98% | – | ||
| neoquant.com | 98% | 1.4K | #9,762,475 | View details | |
| exponentia.ai | 97% | 11.4K | #1,687,322 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 39 similar websites and full traffic analytics for Fable Fintech
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- 39 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Fable Fintech (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Fable Fintech
Complete news archive for Fable Fintech
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Frequently Asked Questions about Fable Fintech
Fable Fintech was founded in 1999 and raised its 1st funding round 13 years after it was founded.
Fable Fintech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Naushad Contractor is the CEO of Fable Fintech, as recorded in our data. They have also founded this company.
Fable Fintech is a funded company, having raised a total of $2.97M across 8 funding rounds to date. The company's 1st funding round was a Unspecified of $248.62K, raised on Mar 2012.
Fable Fintech has 203 employees.
The primary company behind Fable Fintech, Fable Fintech Private Limited, reported revenue of ₹36.37 Cr for FY 2025, up 62% year on year.
Fable Fintech was founded in 1999 in Mumbai, India, and operates in the fintech sector. A SaaS platform is offered to banks, financial institutions, and SMEs for international remittances. Multi-country and multi-currency services are facilitated through omnichannel products that comply with KYC and AML regulations. Cross-border payments are enabled for businesses seeking efficient global transactions.
Fable Fintech offers Fable Processing Suite, Fable Growth Suite, Inward Wire Solution, Fable Management Suite, and Fable API Hub.
Fable Fintech has 31 investors. Key investors include Paytm, ICICI Bank, Infibeam Avenues, One97 Communications, and Muthoot Fincorp.
The valuation of Fable Fintech is $29.06M as of Oct 2024.
Fable Fintech operates through Fable Fintech Private Limited.
The legal entities of Fable Fintech currently have 3 directors, including Rohit Razdan, Naushad Jehangir Contractor, Sunil Satyanarayan Dayma.