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KreditBee raised $9.4M in a funding series D and closed its Series D round at $209M, led by Premji Invest and other existing investors

Mar 28, 2024

Amount Raised

$9.4 Million

Round Type

Series D

BengaluruFinancial ServicesFinanceFintechLending

Investors

Mirae Asset VenturesNew Quest Capital PartnersMotilal Oswal AlternatesMitsubishi Ufj Financial Group BankAdvent InternationalPremji Invest

Description

KreditBee has topped up its Series D round with an additional $9.4 million from Premji Invest and others, closing its Series D round at $209 million. The funding will be used for business expansion and the startup is looking to go public with an IPO in the near future.

Quick answer

KreditBee raised $9.4 Million in a Series D round, dated March 28, 2024. Investors: Mirae Asset Ventures, New Quest Capital Partners, Motilal Oswal Alternates, Mitsubishi Ufj Financial Group Bank, Advent International and Premji Invest. KreditBee is based in Bengaluru, Karnataka, India.

How much did KreditBee raise?
KreditBee raised $9.4 Million in a Series D round on March 28, 2024.
Who invested in KreditBee?
Mirae Asset Ventures, New Quest Capital Partners, Motilal Oswal Alternates, Mitsubishi Ufj Financial Group Bank, Advent International and Premji Invest are named as investors in this round.
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.

  • Firenze raised $979K (Pre-Seed) on May 2, 2024.
  • Battle Financial raised $37M (Seed) on May 1, 2024.
  • Blend Labs raised $150M (Series A) on April 29, 2024.
  • Higala raised an undisclosed amount (Seed) on April 29, 2024.
  • Canza Finance raised $2.3M (Seed) on April 29, 2024.
  • Salmon Group raised $25M (Series A) on April 27, 2024.

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.

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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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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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