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

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

Fintech lending startup KreditBee has concluded its Series C equity round worth  $75 million from Premji Invest, the investment arm of Wipro billionaire Azim Premji. The other investors included Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures. The round consisted of both primary and secondary investment.
 

The current round of fundraising is expected to support the Bengaluru-based company in its effort to fuel financial inclusion and drive credit uptake in the economy, especially for the unserved and underserved segment of the population.
 

“We started with a dream to help the unserved and underserved segment,” said Madhusudan E,