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India’s Kreditbee Raises $80 Million From Azim Premji’s Premji Invest, Motilal Oswal Alternates, Among Others

Dec 02, 2022

Amount Raised

$80 Million

Round Type

Funding Round

BengaluruFinancial ServicesFinanceFintechLending

Description

The digital loans business in India has been the subject of a lot of controversy, not least for over-predatory and un-transparent practices, yet that’s existed alongside the rise of a handful of startups that hoping to apply tech to build products that are clearly understood and fill a need in the market for quick, short-term access to capital. Today, one of these — KreditBee, which provides instant personal loans to users — is announcing that it has raised $80 million in a Series D funding round.

Quick answer

KreditBee raised $80 Million in a Funding Round round, dated December 2, 2022. KreditBee is based in Bengaluru, Karnataka, India.

How much did KreditBee raise?
KreditBee raised $80 Million in a Funding Round round on December 2, 2022.
What does KreditBee do?
KreditBee is a FinTech Platform which facilitates instant personal loans to professionals, where they can avail loans up to ₹4 lakhs as per their requirement.
Where is KreditBee based and how big is it?
KreditBee is based in Bengaluru, Karnataka, India. Fundz records about 1,300 employees.
Who are the decision-makers at KreditBee?
Fundz holds 3 contacts at KreditBee, including the Chief Marketing Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as KreditBee that raised within 45 days of this round, from Fundz verified event records.

  • Monarch raised $1M (Seed) on January 13, 2023.
  • Pagaya Technologies raised $17M on January 5, 2023.
  • Akulaku raised $200M on December 26, 2022.
  • Recognise Bank raised $30M (Funding Round) on December 23, 2022.
  • Uplinq raised $5.6M (Seed) on December 8, 2022.
  • Bitwave raised $15M (Series A) on December 6, 2022.

Who to call at KreditBee, and when

A new round usually means KreditBee is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day KreditBee raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at KreditBee, from your own LinkedIn network

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Company Information

Company

KreditBee

Location

Bengaluru, Karnataka, India

About

KreditBee is a FinTech Platform which facilitates instant personal loans to professionals, where they can avail loans up to ₹4 lakhs as per their requirement. With a strong focus on online tech-based and data-centric KYC, KreditBee envisions solving the financial inclusion gap in the varied demographic segments of the country. The platform is a Series-D funded entity, backed by Advent International, Premji Invest, Motilal Oswal Alternates, TPG-NewQuest, Mitsubishi UFJ Financial Group, ICICI Bank and Mirae Asset Venture Investments. The company serves the credit and other personal finance requirements through its in-house RBI-registered NBFC - Krazybee Services Private Limited (Systemically important NBFC) along with partnerships with over 10 renowned financial institutions. The company currently serves 10 million customers across the country.

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Fundz sees it the moment KreditBee raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsIshan, Chief Marketing Officer hiddenSee plans and pricing
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KreditBee raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.