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Indian lending platform KreditBee raises $80m

Fintech company looking to diversify product range

KreditBee is set to exceed $1 billion in assets under management in the next six to nine months, according to its CEO. (Source photo from Kreditbee Facebook page)

CHENNAI, NEW DELHI -- Bengaluru-based KreditBee has raised $80 million from existing investors, the lending platform's CEO, Madhusudan E, told DealStreetAsia.

Those investors are Premji Invest, Motilal Oswal Alternates, TPG-backed NewQuest Capital Partners and Mirae Asset Ventures. New investor Tokyo-based MUFG Bank also joined the Series D round.

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