KreditBee raises $80 million in Series D from Premji Invest, others

The fintech firm aims to cross an AUM of over $1 billion in the next 6-9 months

Fintech start-up KreditBee has raised $80 million in series D funding from existing investors Azim Premji’s Premji Invest, Motilal Oswal Alternates, TPG-backed NewQuest Capital Partners, and Mirae Asset Ventures. The round also saw participation from MUFG Bank, one of the world's largest financial institutions.

The funds will be used to diversify KreditBee’s product portfolio and strengthen its tech stack to serve over 400 million middle India population on its platform.

The company offers 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 financial institutions. The