Tech Company Financing Transactions
KreditBee Funding Round
KreditBee closed a $80 million Series D funding round on 12/2/2022. Investors included Mirae Asset Venture Investment, Motilal Oswal Alternates and MUFG Bank.
Transaction Overview
Company Name
Announced On
12/2/2022
Transaction Type
Venture Equity
Amount
$80,000,000
Round
Series D
Investors
Proceeds Purpose
The company intends to use the funds to diversify its product portfolio and strengthen its tech stack to serve 400 million+ middle India population on its platform.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
KreditBee, 16/3, Adarsh Yelavarthy Centre, opp to Frank Anth
Bangalore Karnataka, 560008
IN
Bangalore Karnataka, 560008
IN
Phone
Website
Email Address
Overview
KreditBee is an Instant Personal Loan platform for self-employed and salaried professionals, where they can apply for a Personal Loan starting from ? 1,000 up to ? 3 Lakhs as per their requirement. We aim to become the first choice when it comes to quick and convenient Personal Loans. The documentation required is very minimal, and the entire process - starting from registration on our app to loan disbursement does not take more than 15 minutes. The application process is completely online, and upon approval, the cash is immediately transferred to the bank account of the user. We understand that when you're in urgent need of funds, long waiting times can be very frustrating, so we eliminated that completely.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Madhusudan Ekambaram
Chief Financial Officer
Vivek Veda
Chief Marketing Officer
Ishan Bose
Chief Operating Officer
Ajeet Kumar
Co-Founder
Karthikeyan Krishnaswamy
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