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KreditBee concludes $75 mn funding round from Premji Invest, others

Read more about KreditBee concludes $75 mn funding round from Premji Invest, others on Business Standard. The fintech lending firm s objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier ....

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Fintech lending startup KreditBee raises $75 million in Series C equity round

Fintech lending startup KreditBee raises $75 million in Series C equity round
The group launched KreditBee in May 2018, focused on full-stack digital lending for young professionals.
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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.
“We started with a dream to help the unserved and underserved segment who have always found it difficult to enter the formal lending sector, either due to lengthy offline processes or traditional underwriting methods. 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 , mentioned Madh ....

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KreditBee secures Rs 545 crore in Series C from Premji Invest, and others

By
siliconindia | Monday, 15 February 2021, 09:11 Hrs
Bengaluru-headquartered FinTech lending startup KreditBee on Monday said it has concluded its Series C equity round worth $75 million (about Rs 545 crore) from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment.
With the current round of fund raise, the company wants to drive credit uptake in the economy especially for the unserved and underserved segment of the population.
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, Madhusudan E, Co-Founder & CEO of KreditBee, said in a statement. ....

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