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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•over 1 year ago

Amount Raised

$9.4 Million

Round Type

series d

BengaluruFinancial Services

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.

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.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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