India based digital lending platform KreditBee (KrazyBee Services PVT Ltd) has raised $280 million in a Series E funding round at a post money valuation of $1.5 billion from investors including Motilal Oswal Alternates, Hornbill Capital and MUFG backed Dragon Funds.
The round also saw participation from WhiteOak Capital, A.P. Moller Holding and existing investors including Premji Invest and Advent International.
Founded by Madhusudan E., Karthikeyan Krishnaswamy and Vivek Veda, KreditBee provides instant personal loans through its RBI registered NBFC, KrazyBee Services Limited, along with co lending partnerships with more than 10 financial institutions.
Speaking on the development, Madhusudan E, Co-founder and CEO, KreditBee, said, “This fundraise marks an important milestone in our growth journey. The strong interest from new investors, along with continued participation from our existing investors reflects deep confidence in our business model and our mission to make credit accessible to millions of Indians. We are increasingly embedding AI into the core of our lending stack to enhance underwriting precision, strengthen risk controls, and deliver a faster, more intuitive customer experience.”
