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Fintech expert | Manager | Investor | Advisor

KreditBee fuels expansion with a $9.4M boost in his Series D funding round #KreditBee, the digital lending platform known for its innovative approach to connecting borrowers with non-banking financial companies (NBFCs) and banks, has just taken a significant leap forward. The company announced a successful $9.4 million extension to its Series D funding, earmarking a new chapter in its journey to redefine digital lending in the #fintech market. The recent funding round saw a consortium of existing investors reaffirming their confidence in KreditBee's mission and potential. Prominent names such as Premji Invest, Motilal Oswal Financial Services Ltd Private Equity, and Mirae Asset Global Investments led the charge, with Wiseanya spearheading the funding efforts. Other noteworthy contributors include MUFG Bank and NewQuest Capital Inc., further bolstering KreditBee's financial and strategic backbone. KreditBee, founded by Madhusudan E, has carved out a niche by focusing on young professionals, offering personal loans up to $5,200 with flexible repayment terms ranging from 2 to 15 months. The competitive interest rates, capped at 2.49%, underscore KreditBee's commitment to affordability and accessibility. This targeted approach has made KreditBee a go-to platform for its demographic, enabling them to meet their financial needs with ease and convenience. With the fresh injection of capital, KreditBee is set to accelerate its operations, broaden its product suite, and continue leading the charge in digital lending innovation. The funds will enable KreditBee to enhance its service offerings, ensuring that it remains at the forefront of the financial technology revolution. The article on FinTech Global in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

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