KreditBee, India’s leading digital credit company, recently raised a whopping $75 million in its Series C funding round from Azim Premji’s PremjiInvest, Manikandan Thirumalai and others.
The funds will be used to expand the company’s product portfolio and strengthen its presence in India.
KreditBee is a digital-first consumer lending platform that offers hassle-free and instant personal loans, short-term loans and other financial products to its customers. It leverages technology-driven credit scoring, risk assessment and decision-making to provide quick personal loans to customers.
The company was founded in 2015 and since then, it has grown to become one of the leading digital lenders in India. KreditBee has over 7.5 million customers and is present in over 500 cities across India.
The investment from Azim Premji’s PremjiInvest and Manikandan Thirumalai will help KreditBee to further its mission of providing easy access to credit to consumers.
KreditBee’s Chief Executive Officer, Mr. Nitin Agarwal said, “We are delighted to receive support from Azim Premji’s PremjiInvest and Manikandan Thirumalai. This investment will help us to expand our product portfolio and accelerate our development in the Indian market.”
The company plans to use the funds to build its technology platform, expand its product offering and strengthen its customer base.
KreditBee has witnessed tremendous growth in recent years. It has already expanded its presence in more than 500 cities and is now looking to further expand its reach.
KreditBee’s Managing Director and Co-founder, Mr. Yashwanth Nelabhotla said, “We are delighted to receive this investment from Azim Premji’s PremjiInvest and Manikandan Thirumalai. This investment will help us to expand our product portfolio and reach more customers. We are confident that this investment will help us to further our mission of providing easy access to credit to consumers in India.”
KreditBee’s Series C round of funding has further reinforced the company’s position as one of the leading digital lenders in India. The funds will help the company to expand its product portfolio and reach more customers in India.
FAQ
Q1. What is KreditBee?
A1. KreditBee is a digital-first consumer lending platform that offers hassle-free and instant personal loans, short-term loans and other financial products to its customers. It leverages technology-driven credit scoring, risk assessment and decision-making to provide quick personal loans to customers.
Q2. Who has recently invested in KreditBee?
A2. KreditBee recently raised a whopping $75 million in its Series C funding round from Azim Premji’s PremjiInvest, Manikandan Thirumalai and others.
Q3. How will the funds be used?
A3. The funds will be used to expand the company’s product portfolio and strengthen its presence in India.
Q4. How many customers does KreditBee have?
A4. KreditBee has over 7.5 million customers and is present in over 500 cities across India.
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