KreditBee bags $75 Mn in Series C round from Premji Invest, Mirae Asset and Alpine

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KreditBee bags $75 Mn in Series C round from Premji Invest, Mirae Asset and Alpine

Digital loaning startup KreditBee has raised its Series C round worth $75 million from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures comprising of both essential and auxiliary speculation.

Already, KreditBee had raised more than $43 million aggregately in value from financial backers including ICICI Bank and Arkam Ventures. As per the Bengaluru-based organization, the returns will be utilized to grow its credit item contributions and fortify its innovation stack.

Zeroed in on full-stack digital loaning for youthful experts, KreditBee has practical experience in giving advanced individual advances and customer sturdy advances of up to Rs 2 lakh to both salaried and independently employed for a residency of 2 to 15 months.

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The organization professes to have a client base of more than 20 million.

KreditBee application also gives a bound together stage where numerous banks and NBFCs give acknowledge to the users as immediate loaning accomplices.

Alongside its own NBFC, some other loaning accomplices on its foundation are Fullerton India Credit Company Limited, IIFL, Incred, Vivriti Capital Private Limited, AU Small Finance Bank and Northern Arc Capital Limited.

While KreditBee didn’t unveil the subtleties of the exchange, an ET report said that the organization’s current financial backer Xiaomi has made a total exit.

Other Chinese supporters Shunwei Capital and Kunlun have either somewhat or totally left after this round, the report added.

KreditBee straightforwardly rivals MoneyTap, EarlySalary, LazyPay and Sachin Bansal’s Navi.

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