diff --git a/pkgs/development/python-modules/fastembed/default.nix b/pkgs/development/python-modules/fastembed/default.nix
index 8e719f83c88e..2d67c7613cfa 100644
--- a/pkgs/development/python-modules/fastembed/default.nix
+++ b/pkgs/development/python-modules/fastembed/default.nix
@@ -24,7 +24,7 @@
 
 buildPythonPackage rec {
   pname = "fastembed";
-  version = "0.3.5";
+  version = "0.5.0";
   pyproject = true;
 
   disabled = pythonOlder "3.8";
@@ -33,7 +33,7 @@ buildPythonPackage rec {
     owner = "qdrant";
     repo = "fastembed";
     tag = "v${version}";
-    hash = "sha256-IdIGht4RcejXoBTJ8eHi5fNw2ffxIi/chuoQBNjA98g=";
+    hash = "sha256-jroYfmcwiqrAQgQuNHMdOBWqivgSAR7yUvr2ogb3dy8=";
   };
 
   build-system = [ poetry-core ];
@@ -66,7 +66,7 @@ buildPythonPackage rec {
   meta = {
     description = "Fast, Accurate, Lightweight Python library to make State of the Art Embedding";
     homepage = "https://github.com/qdrant/fastembed";
-    changelog = "https://github.com/qdrant/fastembed/releases/tag/v${version}";
+    changelog = "https://github.com/qdrant/fastembed/releases/tag/${src.tag}";
     license = lib.licenses.asl20;
     maintainers = with lib.maintainers; [ happysalada ];
     # terminate called after throwing an instance of 'onnxruntime::OnnxRuntimeException'