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. They have also founded 1 company.

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 Sep 30, 2026, the latest employee count at Fable Fintech is 199.

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. Its primary sector is Digital Remittance. In India, the Digital Remittance sector has seen $16.6M in funding in 2026 to date.

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 49 active competitors, of which 7 are funded. It stands 4th 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, Wallex and Payall. Among them, Payall secured the most recent funding round in June, 2025.

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

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 49 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

199 as on Sep 30, 2026

Similar Companies

TransferMate & 58 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 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)

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	4007062	Series A	5742313	1779295	9475610	1344393
Oct 11, 2023	1526383	Series A	9225002	7223375	2532024	Ashish Kacholia & 2 more
Aug 19, 2022	8198836	Series A	2245929	9968213	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: 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
Naushad Jehangir Contractor	Team	-	Current	5y 3m
Rohit Razdan	Investor	-	Current	1y 10m
wlvimqd	Investor	-	Past	1y 6m
Sunil Satyanarayan Dayma	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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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:

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	Wallex 2015, Singapore (Singapore), Acquired	Cross-border payments acceptance and management solution for businesses	-	BAce Capital, Beenext & 13 others	54/100
4th	Payall 2002, Miami Beach (United States), Series A	Developer of cross-border remittance solutions for banks	$27.2M	Andreessen Horowitz, Ventura Capital & 12 others	45/100
5th	Borderless 2015, Wilmington (United States), Series A	Platform offering multi‑currency banking, investment, and global money‑management services	$16.1M	Equirus Family Office, Tracxn Labs & 32 others	45/100
6th	Crassula 2015, Riga (Latvia), Unfunded	White label banking solutions provider	-	-	43/100
7th	Balad 2022, Cairo (Egypt), Acquired	API-enabled cross-border payments across multiple channels	-	Acasia Ventures, First Circle Capital & 5 others	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	-	Variant Fund	31/100

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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	7877395	1358804	3179220	3107921
Hershel Asmani	5000307	8040929	3796733	7926405	5394517	3737581
Fund	11.41%	27.9Cr	1247222	2229767	6575869	3142893
Tenacity Ventures	1538198	7236577	5501247	6259011	6228045	3052704
Pentathlon Ventures	7	6	5	7	6	8
Enterprise	29.80%	72.8Cr	3749567	9982268	4290358	6238343
Angel	20.96%	51.2Cr	6721440	6082809	7035215	8615635
Ashish Kacholia	9006024	7461652	6803568	1713744	6866400	3373101
ESOP Pool	7.73%	18.9Cr	5625790	7359094	5760544	6880328
Total	100.00%	244Cr	5979815	2055749	1003738	8200162