KreditBee has raised $280 million in a Series E funding round, achieving a post-money valuation of $1.5 billion and entering the unicorn club, marking the first such milestone in India’s FinTech sector for FY27.
The round was led by Motilal Oswal Alternates, Hornbill Capital, and Dragon Funds, with 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, the platform operates through its RBI-registered NBFC, KrazyBee Services Limited, along with co-lending partnerships with over 10 financial institutions.
The fresh capital will be used to expand its lending portfolio, strengthen market presence, and enhance its technology infrastructure, with a strong focus on scaling AI-driven underwriting, risk management, and customer personalisation.
KreditBee has recorded over 230 million app downloads and more than 18 million unique borrowers, facilitating over 60 million loans nationwide. The company currently manages assets under management of approximately $1.5 billion and offers a range of products including personal loans, business loans, loans against property, and two-wheeler financing.
The funding comes as digital lenders increasingly adopt AI-led credit decisioning to balance growth with regulatory compliance, particularly in underserved and emerging markets. KreditBee’s expansion across Tier-2 and Tier-3 cities highlights rising demand for digital credit beyond metro regions.
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