Indian fintech KreditBee has secured $100 million in a funding round led by Advent International, bringing its Series D funding to a total of $200 million. The Bengaluru-based startup, which offers instant micro loans starting at $12 to new-to-credit customers and credit of over $3,500 to salaried professionals, aims to serve the 400 million new-to-credit customers in India and expects to increase its asset under management to over $1 billion in the next six to nine months. The funding values KreditBee at approximately $680 million and will be used to scale the company's business in the South Asian market.
Read more on TechCrunch: https://techcrunch.com/2023/01/06/indian-fintech-kreditbee-nears-700-million-valuation-in-new-funding/
Reference: 1. https://www.kreditbee.in/