KreditBee Raises $75 Mn Led By PremjiInvest, South Korea's Mirae; Xiaomi And Other Chinese Investors Exit
India, Feb. 15 -- Lending tech platform KreditBee has secured an investment of $75 Mn (INR 544 Cr) in a Series C funding round led by Azim Premji's PremjiInvest and South Korea's Mirae Asset Venture, a deal which sees Chinese investors exit the platform's parent company Finnov.
"With a larger portfolio of loan products, our objective is to provide credit to over 180 million new-to-credit (NTC) customers who were not provided formal credit earlier," KreditBee CEO and cofounder Madhusudan Ekambaram said. "This investment would help us take more positive steps towards achieving that," he added.
US-based Alpine Capital and Arkam Ventures also participated in the round which was a mix of primary and secondary transactions. In the secondary t...
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