When was Fable Fintech founded?

Fable Fintech was founded in 1999 and raised its 1st funding round 13 years after it was founded.

Where is Fable Fintech located?

Fable Fintech is headquartered in Mumbai, India. It is registered at B/101 and B/202, 1st and 2nd Floor, H. Kantilal Compound, Andheri-Kurla Road, Sakinaka, Nr. Bata Showroom, Andheri (East), Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072.

Who is the current CEO of Fable Fintech?

Naushad Contractor of Fable Fintech.

Which legal entities is Fable Fintech associated with?

Fable Fintech is associated with FABLE FINTECH PRIVATE LIMITED and 1 other.

How many employees does Fable Fintech have?

As of Jul 31, 2026, the latest employee count at Fable Fintech is 203.

Is Fable Fintech a funded company?

Fable Fintech is a funded company, having raised a total of $14.5M across 8 funding rounds to date. The company's 1st funding round was a $***** Unattributed round, raised on Mar 30, 2012.

How much is Fable Fintech worth?

The latest valuation of Fable Fintech is $***** as of Oct 25, 2024.

When was the latest funding round of Fable Fintech?

Fable Fintech's latest funding was a $***** Series A round on Oct 25, 2024, with participation from 1 investor.

What is the annual revenue of Fable Fintech?

Annual revenue of Fable Fintech is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Fable Fintech rank among its competitors?

Fable Fintech ranks 1st amongst 41 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Payall, which secured an undisclosed amount in Jun, 2025.

Who are the top competitors of Fable Fintech?

Fable Fintech's top competitors include TransferMate, Payall and Wallex. Among them, Payall secured the most recent funding round in June, 2025.

Fable Fintech - 2026 Company Profile, Team, Funding, Competitors & Financials

Fable Fintech is a series A company based in Mumbai (India), founded in 1999 by Hershel Asmani. It operates as a Provider of end-to-end cross border payment solutions for businesses. Fable Fintech has raised $14.5M in funding from investors like Infibeam Avenues, ICICI Bank and Paytm, with a current valuation of $*****. The company has 41 active competitors, including 5 funded and 2 that have exited. Its top competitors include companies like TransferMate, Payall and Wallex.

Company Details

Provider of end-to-end cross border payment solutions for businesses. It is a provider of end-to-end cross border payment solutions for businesses via a software as a service (SaaS) platform. It is offering a digital platform for banks, financial institutions, and small to medium-sized enterprises (SMEs) to facilitate international remittances. It provides multi-country, multi-currency, omnichannel, KYC, or AML-compliant rem-tech products.

Website: www.fablefintech.com/
Social
Email ID: *****@fablefintech.com
Registered Address: B/101 and B/202, 1st and 2nd Floor, H. Kantilal Compound, Andheri-Kurla Road, Sakinaka, Nr. Bata Showroom, Andheri (East), Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072

Key Metrics

Founded Year

1999

Location

Mumbai, India

Stage

Series A

Total Funding

$14.5M in 8 rounds

Latest Funding Round

Series A, Oct 25, 2024, $*****

Post Money Valuation

$***** as on Oct 25, 2024

Investors

Infibeam Avenues & 35 more

Ranked

1^st among 41 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

203 as on Jul 31, 2026

Similar Companies

TransferMate & 50 more

View Fable Fintech's full profile

Fable Fintech is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FABLE FINTECH PRIVATE LIMITED CIN: U72200MH1999PTC123313 , India, Active	Dec 27, 1999	₹10 - ₹50 Cr (As on Mar 31, 2025)	186 (As on Aug 01, 2025)
FABLE FINTECH USA INC CIN: 7770115 , United States, Active	Dec 26, 2019	-	-	-

Fable Fintech has raised a total funding of $14.5M over 8 rounds. Its first funding round was on Mar 30, 2012. Its latest funding round was a Series A round on Oct 25, 2024 for $*****. 1 investor participated in its latest round. Fable Fintech has 13 institutional investors and 23 angel investors.

Here is the list of recent funding rounds of Fable Fintech:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 25, 2024	8704306	Series A	7377000	5345382	3635062	2431796
Oct 11, 2023	4484769	Series A	2415864	3088884	8816185	Ashish Kacholia & 2 more
Aug 19, 2022	4054236	Series A	9247385	4961392	Ashish Kacholia	Verity Knowledge Solutions & 4 more

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View details of Fable Fintech's funding rounds and investors

The founders of Fable Fintech is Hershel Asmani. Naushad Contractor is the CEO of Fable Fintech.

Here are the details of Fable Fintech's key team members:

Hershel Asmani: Co-Founder of Fable Fintech and founder of 2 other companies, RemitGuru and Avenues Payments India. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number
Naushad Contractor: CEO of Fable Fintech.

Fable Fintech's Board of Directors

Fable Fintech's board has 4 active members. Rohit Razdan, Jayanta Kumar Banerjee and Naushad Contractor are part of team and Sunil Dayma is independent board member.

Here is the list of Fable Fintech's board of directors:

Name	Type	Representing	Status	Duration
Naushad Contractor	Team	-	Current	5y 0m
Rohit Razdan	Investor	-	Current	1y 7m
sbbnslb	Investor	-	Past	5y 7m
Sunil Dayma	Independent board member	-	Current	2y 0m

View details of Fable Fintech's Founder profiles and Board Members

Fable Fintech's employee count trend

Fable Fintech has 203 employees as of Jul 26. Here is Fable Fintech's employee count trend over the years:

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Top competitors of Fable Fintech include TransferMate, Payall and Wallex. Here is the list of Top 10 competitors of Fable Fintech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fable Fintech 1999, Mumbai (India), Series A	Provider of end-to-end cross border payment solutions for businesses	$14.5M	ICICI Bank, Lucky Investment Managers & 34 others	63/100
2nd	TransferMate 2010, Kilkenny (Ireland), Series B	International B2B payments and receivables transactions	$130M	Railpen, ING & 1 others	57/100
3rd	Payall 2002, Miami Beach (United States), Series A	Developer of cross-border remittance solutions for banks	$27.2M	Andreessen Horowitz, Ventura Capital & 11 others	55/100
4th	Wallex 2015, Singapore (Singapore), Acquired	Cross-border payments acceptance and management solution for businesses	-	BAce Capital, Amand Ventures & 13 others	52/100
5th	Interledger 2015, San Francisco (United States), Funding Raised	Foundation supporting open-source technology for financial transactions across different payment networks	-	-	43/100
6th	Crassula 2015, Riga (Latvia), Unfunded	White label banking solutions provider	-	-	40/100
7th	Balad 2022, Cairo (Egypt), Acquired	API-enabled cross-border payments across multiple channels	-	Acasia Ventures, First Circle Capital & 5 others	40/100
8th	Fern 2022, Middletown (United States), Funding Raised	Provider of global money movement API and onchain accounts	-	Variant Fund	30/100
9th	Remit Anywhere 2007, New York City (United States), Unfunded	Global money transfer software solution for businesses of all sizes	-	-	29/100
10th	SukuPay 2023, Miami (United States), Unfunded	Provider of infrastructure for international money transfer and remittance services	-	-	27/100

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Founders (largest shareholder) own 30.12%, Funds own 11.41%, Enterprises own 29.80% and Angels own 20.96%. The net worth of Fable Fintech's founders is INR 73.6Cr as of Oct 25, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	30.12%	73.6Cr	8596672	4513162	3129901	7561509
Hershel Asmani	1257364	3317168	4279741	5352055	2603836	4538523
Fund	11.41%	27.9Cr	1905910	5661045	8017117	9310917
Tenacity Ventures	9604959	6633770	3997107	7199849	8111652	9092400
Pentathlon Ventures	3	8	7	4	1	5
Enterprise	29.80%	72.8Cr	2088559	4392513	6894181	5125906
Angel	20.96%	51.2Cr	9975638	7532464	1316289	2091952
Ashish Kacholia	2517339	4742040	5779629	3722010	9429452	2144716
ESOP Pool	7.73%	18.9Cr	6662560	4897919	6093456	3036037
Total	100.00%	244Cr	4207726	9439705	4298743	3017640