KreditBee, a leading digital lending platform, has recently announced a successful $9.4m extension to its Series D funding round.
The infusion of capital, contributed by a consortium of existing investors such as Premji Invest, Motilal Oswal Private Equity, and Mirae Asset among others, according to a report from Startup Story.
The funding round was led by Wiseanya, while Motilal Oswal PE and Mirae Asset also contributed to the round. Other notable investors including Premji Invest, MUFG Bank Limited, and NewQuest Capital also participated, rounding off the investment.
KreditBee stands out by facilitating seamless loan transactions between borrowers and non-banking financial companies (NBFCs) or banks. It targets young professionals, offering personal loans up to $5,200 with flexible tenure options from 2 to 15 months and competitive interest rates capped at 2.49%, making it a popular choice among its demographic.
The funds from this latest round will be utilised to expand KreditBee’s operations, enhance its product offerings, and continue its innovation streak in the digital lending space.
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