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KreditBee
India
- Bangalore, Karnataka
- 02/12/2022
- Series D
- $80,000,000
KreditBee is a FinTech Platform which offers instant personal loan to professionals, where they can avail loans up to ₹3 lakhs as per their requirement. With a strong focus on online tech-based and data-centric KYC, KreditBee envisions to solve the financial inclusion gap in the varied demographic segments of the country. The platform is backed by a Systemically Important NBFC Krazybee Services Private Limited, registered with RBI since May 2017, as well as various debt & platform partners. KreditBee is a brand of Finnovation Tech Solutions Pvt Ltd and is currently a Series-C funded entity with a cumulative fundraise of over USD 200 Million. It is backed by some key VC firms and investment entities like Azim Premji’s Premji Invest, Motilal Oswal Private Equity, TPG-backed NewQuest, South Korea’s Mirae Asset Venture, and US-based Alpine Capital. Some other marquee investors include ICICI Bank, Arkam Ventures and SIDBI’s investment arm IndiaSME Investments. Also, it has various debt partners like AU Small Finance Bank, HSBC, Fullerton, and IIFL. Currently, it has 5 million loan customers, out of which over 2 million are active loan customers.
- Industry Financial Services
- Website https://www.kreditbee.in/
- LinkedIn https://www.linkedin.com/company/kreditbee/
Related People
Madhusudan EFounder
India -
Bengaluru, Karnataka
Madhu (Madhusudan Ekambaram) is the CEO and Co-Founder of KreditBee and a member of the company’s board of directors. Madhu leads the company's vision of creating unprecedented value to borrowers through KreditBee’s online credit marketplace and constant innovation. Madhu has co-founded FACE (Fin-Tech Association for Consumer Empowerment) a not for profit organization. He also serves as Managing Director at KrazyBee Services Private Limited, which is a systemically important NBFC (Non Banking Financial Company) registered with RBI (Reserve Bank of India).
Madhu has keen interest in Ecommerce, Fintech startups and invests in startup ecosystem. He has invested in a bunch of startups and leverages his network, connections to provide support to these startups to scale up businesses.
Before starting up KreditBee, Madhu was Business head, leading Ecommerce practice across geographies including MY, SG, ID, RU, MX countries. Initial part of his career was focused towards product portfolio management in Telecom sector.
He is also a proud recipient of "Rashtrpathi Puraskar" from K.R. Narayanan, President of India and "Rajya Puraskar" from Khurshid Alam Khan, Governor of Karnataka state, India for his contribution towards Scout Movement
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