Fintech lending startup KreditBee raises $75 mn in Series C equity round
Bengaluru-headquartered fintech
lending startup KreditBee has concluded its Series C equity round worth USD 75 million from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment.
"With a larger portfolio of loan products, our objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier. This investment would help us take more positive steps towards achieving that," Co-Founder & CEO of KreditBee Madhusudan E said.
The holding entity has previously raised over USD 43 million cumulatively in equity from investors including ICICI Bank and Arkam Ventures, it noted in a statement on Monday.
Registered in March 2016, the group entity also holds Krazybee Services Private Limited, Systemically important non-deposit taking non-banking financial company (NBFC-ND-SI) registered with the Reserve Bank of India since May 2017.
The group ...