Business

KreditBee secures US 75 mn via big investors

FinTech lending startup KreditBee has concluded its Series C equity round worth $75 mn (about Rs 545 cr) from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment.

migrator

Bengaluru

With the current round of fund raise, the Bengaluru-based firm 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 aim is to provide credit to over 180 mn New-to-Credit customers who were not provided formal credit earlier,” Madhusudan E, Co-Founder & CEO of KreditBee, said in a statement.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

TN raises monthly contingency funds for police stations to reduce corrupt practices

Return of people after holidays to Chennai triggers traffic congestion near Kilambakkam bus terminus

HIGHLIGHTS | Tamil Nadu rains: Schools closed in 5 districts, including Chennai, as twin low-pressure areas loom

Delhi HC to urgently hear pleas by CJP's Saurav Das, Ashutosh Ranka, AISA's Neha Bora

SBI data breach: PSU bank confirms 3,897 customer records exposed on dark web

SCROLL FOR NEXT