[Funding alert] KreditBee Boosts Series D Funding: $9.4 Mn Injection from Premji Invest and More

Fintech platform KreditBee, based in Bengaluru, has secured $9.4 million from its current investors, who include Advent International, Mitsubishi UFJ Financial Group (MUFG) Bank, Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners, and Mirae Asset Ventures.

According to the startup's registration with the Ministry of Corporate Affairs, its board resolved earlier this week to sell shares to raise the necessary funds, as reported by Inc42.

With additional financing, KreditBee secured its Series D round at $209 million, valuing the company at roughly $700 million. The new funding will be used by the startup to grow its operations. Inc42 was the first to report on the development.

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.

About KreditBee

A FinTech platform called KreditBee gives professionals access to fast personal loans up to ₹4 lakhs, depending on their needs. KreditBee aims to close the financial inclusion gap in the diverse demographic divisions of the nation, with a particular emphasis on online tech-based and data-centric KYC.

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