CreditBeeis a fintech platform that enables instant personal loans to professionals.
- Include existing investors
Premium InvestMO Alternates, TPG supported NewQuest Capital Partnersand Mirae Asset Ventures.
- The brand is targeting $1 billion in assets under management in the next 6 to 9 months.
- The company further plans to diversify its product offerings by venturing into digitally-enabled secured loans, home loans and lines of credit.
KreditBee, one of India’s leading fintech platforms, has raised $80 million as part of its ongoing Series-D investment round. The brand is currently a Series-C funded entity with cumulative fundraising in excess of $200 million.
The fintech platform enables instant personal loans for professionals where they can avail loans of up to ₹ 4 lakhs as per their requirements. The current investment saw active participation from existing investors Azim Premji’s Premji Invest,
The round also saw debut participation from
“The investment adds further weight to our vision to encourage financial independence through a smart digital experience, which India is today. With the current round, we look forward to expanding our suite of solutions to serve our growing customer base.”
The money will be used to diversify KreditBee’s product portfolio and strengthen its tech stack. The platform is targeting $1 billion in assets under management in the next 6 to 9 months.
KreditBee currently offers multiple types of personal loans, online/offline cash financing and digital gold. The company further plans to diversify its product offerings by venturing into digitally-enabled secured loans, home loans and lines of credit.
“KreditBee solves the credit needs of the growing and ambitious, yet underserved middle-income consumer of ‘Bharat’ through an innovative platform,”
The platform currently has 6 million loan customers, of which more than 2 million are active loan customers, the company statement claimed.
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