Fable Fintech - About the company
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 49 active competitors, including 7 funded and 2 that have exited. Its top competitors include companies like TransferMate, Wallex and Payall.
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
Post Money Valuation
$***** as on Oct 25, 2024
Investors
Ranked
1st among 49 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
199 as on Sep 30, 2026
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Legal entities associated with Fable Fintech
Fable Fintech is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
FABLE FINTECH USA INC CIN: 7770115 , United States, Active | Dec 26, 2019 | - | - | - |
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) |
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Fable Fintech's funding and investors
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:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 25, 2024 | 1191408 | Series A | 3820982 | 7835123 | 8527131 | 9615280 |
Oct 11, 2023 | 8347012 | Series A | 5807211 | 1458864 | 2144723 | |
Aug 19, 2022 | 3330891 | Series A | 8409135 | 9486726 |
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Fable Fintech's founders and board of directors
Founder? Claim ProfileThe 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: Co-Founder & CEO of Fable Fintech. Contact Info: 1 phone number
Fable Fintech's Board of Directors
Fable Fintech's board has 4 active members. Rohit Razdan, Jayanta Kumar Banerjee and Naushad Jehangir Contractor are part of team and Sunil Satyanarayan Dayma is independent board member.Here is the list of Fable Fintech's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 3m | |
Investor | - | Current | 1y 10m | |
gvimarn | Investor | - | Past | 8y 8m |
Independent board member | - | Current | 2y 3m |
View details of Fable Fintech's Founder profiles and Board Members
Fable Fintech's employee count trend
Fable Fintech has 199 employees as of Sep 26. Here is Fable Fintech's employee count trend over the years:
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Fable Fintech's Competitors and alternates
Top competitors of Fable Fintech include TransferMate, Wallex and Payall. Here is the list of Top 10 competitors of Fable Fintech, ranked by Tracxn score:
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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 | 65/100 | |
2nd |  TransferMate 2010, Kilkenny (Ireland), Series B | International B2B payments and receivables transactions | $130M | 57/100 | |
3rd | Cross-border payments acceptance and management solution for businesses | - | 54/100 | ||
4th |  Payall 2002, Miami Beach (United States), Series A | Developer of cross-border remittance solutions for banks | $27.2M | 45/100 | |
5th |  Borderless 2015, Wilmington (United States), Series A | Platform offering multi‑currency banking, investment, and global money‑management services | $16.1M | 45/100 | |
6th | White label banking solutions provider | - | - | 43/100 | |
7th | API-enabled cross-border payments across multiple channels | - | 43/100 | ||
8th | Interledger 2015, San Francisco (United States), Funding Raised | Foundation supporting open-source technology for financial transactions across different payment networks | - | - | 34/100 |
9th | Machnet 2012, Marlborough (United States), Unfunded | White label platform for money transfer service | - | - | 33/100 |
10th | Fern 2022, Middletown (United States), Funding Raised | Provider of global money movement API and onchain accounts | - | 31/100 |
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Fable Fintech's Investments and acquisitions
Fable Fintech has made no investments or acquisitions yet.
Reports related to Fable Fintech
Here is the latest report on Fable Fintech's sector:
News related to Fable Fintech
Media has covered Fable Fintech for 1 event in last 1 year, It was about partnerships.
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Fable Fintech & Capital Compliance Experts Partner to Transform Cross-Border Payments in the U.S. MarketGlobal Fintech Series•Nov 18, 2025•Capitalcomplianceexperts, Fable Fintech
•
Fable Fintech in talks with foreign banks to raise Rs 100 crore in FY23Moneycontrol•Sep 20, 2022•Fable Fintech
•
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Fable forays into global markets; expects to achieve a four-fold growth in processing flows by 2024Asian News International•Jan 05, 2022•Fable Fintech
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Paytm and Infibeam Backed Startup Fable Fintech Raises Series-A FundingSMEStreet.in•Jun 04, 2021•Fable Fintech, Pentathlon Ventures, Paytm, Infibeam Avenues
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