Kreditbee Emerges Victorious with $75M Series A Funding Round Led by Azim Premji Invest
Kreditbee, a digital personal loan financer based out of Bangalore, has recently announced its 75 million dollar series A funding round led by Azim Premji Invest. This move signifies the acceleration of India’s digital economy and the potential of the fin-tech industry to create wealth opportunities among the masses. With the new funding, Kreditbee plans to aggressively move forward with its core mission of providing quick and easy access to financial services and products to the unbanked and underserved customers.
Kreditbee’s Journey
Kreditbee was founded in 2016 by five young entrepreneurs, who set out to make personal lending accessible to the masses. With its innovative proprietary technology, Kreditbee was able to break traditional barriers and reached out to the target demographic with its digitally enabled loan financing. The company has since been able to grow into a major presence in the Indian fin-tech landscape.
Benefits of Kreditbee
Kreditbee offers various benefits to its customers. First, it provides quick and easy access to personal loans. The company has a simple and efficient application process. The loan ranges from INR 1000 to INR 2 lakh and are disbursed within 24 hours. Loans are also available for an extended period of up to 24 months.
Kreditbee also offers hassle-free and easy repayment options for its customers. Customers have the option of choosing the payment option that best suits their needs, such as one-time payment or EMIs. Kreditbee also offers attractive interest rates and flexible repayment plans to its customers.
Funding from Azim Premji Invest
The series A round of financing from Azim Premji Invest is a clear indication of Kreditbee’s potential to become one of the most successful fin-tech companies in India. Azim Premji Invest is the investment division of Azim Premji Foundation and is headed by Azim Premji himself.
The funding has been provided to help Kreditbee to further develop its products and services and make them available to a larger audience. The funds will also be used to increase the company’s geographic reach and strengthen its presence in the Indian fin-tech sector.
Conclusion
Kreditbee’s series A funding round is a testament to the progress it has achieved since its inception and is a validation of the potential of India’s digital economy to create wealth opportunities for the masses. This move will help Kreditbee to further develop its products and services, reach out to a larger audience, and establish itself as one of the leading fin-tech companies in the country.
