India
KreditBee is a FinTech Platform that provides instant personal loans to professionals in India, offering loans up to ₹4 lakhs. The company's strong emphasis on online tech-based and data-centric KYC processes reflects its dedication to narrowing the financial inclusion gap in diverse demographic segments of the country. Founded in 2018, KreditBee operates as a Series-D funded entity, with significant investments from 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 personal finance needs through its in-house RBI-registered NBFC - Krazybee Services Private Limited and partnerships with over 10 renowned financial institutions. Its remarkable reach is evidenced by its service to 10 million customers across India. With its commitment to leveraging technology for rapid, hassle-free financial services, KreditBee has become known for its slogan, "India's Fastest Digital Lending Platform. Money in Bank Account within 10 minutes of Loan Application."
The last investment of INR783.30M in a Series D round occurred on 29 March 2024 and involved significant players such as Mirae Asset Venture Investment, MUFG Bank, NewQuest Capital Partners, PremjiInvest, Motilal Oswal Private Equity, and Wiseanya.
