Indian lending platform KreditBee completes $200 million Series D financing, with participation from Japan's Mitsubishi UFJ Financial Group and others

Binance News · 2023-01-09T02:16:16.000Z

Indian financial technology lending platform KreditBee completed a US$200 million Series D financing, of which private equity giant Advent International provided an investment of US$100 million, and another US$100 million from Japan's Mitsubishi UFJ Financial Group and existing investors Premji Invest and Motilal Oswal Alternates, NewQuest Capital Partners and Mirae Asset Venture Investments participated in the investment. The new funds will be used to expand the scale of existing businesses and diversify products by getting involved in digital financial products. KreditBee CEO Madhusudan Ekambaram said, “The latest round of financing will help us realize our vision of serving the country’s more than 400 million middle-income people.” (Finextra)

Indian fintech lending platform KreditBee has completed a US$200 million Series D financing round, of which private equity giant Advent International provided US$100 million in investment, and the other US$100 million was invested by Japan's Mitsubishi UFJ Financial Group and existing investors Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners and Mirae Asset Venture Investments. The new funds will be used to expand the scale of existing businesses and diversify products by entering into digital financial products.
KreditBee CEO Madhusudan Ekambaram said, "This latest round of funding will help us realize our vision of serving the country's 400 million-plus middle-income population." (Finextra)