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Indian Fintech Kreditbee Nears $700 Million Valuation In New Funding

Jan 06, 2023almost 3 years ago
BengaluruFinancial Services

Description

Indian fintech Kreditbee has raised an additional $100 million in a funding round, it said, as the lender looks to scale its business in the South Asian market.

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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