Indian FinTech micro lender KreditBee has closed the second round of its $200mn Series D fundraise
IN BRIEF:
- KreditBee was founded in 2018 and offers instant personal loans both to salaried professionals of over $4,000 and for those new-to-credit for as little as $12.
- It initially closed the round at $80m in December.
- New investors in the Series D include Advent International and MUFG Bank, with existing backers Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners, and Mirae Asset Ventures taking part.
What does this mean?
This funding round will enable KreditBee to scale its business and develop new products. Madhusudan Ekambaram, co-founder and CEO, said: “The latest round will help us to achieve our vision of serving the over 400 million middle-income population in the country.”
