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KreditBee joins unicorn club on $280 million funding round
The round was jointly led by Hornbill Capital and Motilal Oswal with participation from Advent International MUFG and Premji Invest.
The capital will primarily be used to strengthen the company’s lending book and balance sheet as it preparpes for an IPO, with a listing to take place at either the end of this year or early next year, depending on market conditions.
KreditBee claims to have disbursed more than $6 billion in loans since its inception, including personal and business credit as well as real-estate and auto lending. The firm also offers additional services, such as credit score reports, gold investment options, and financial calculators.
It become the second fintech unicorn to emerge from India this year, following in the footsteps of Juspay which reached a $1.2 billion valutation january following a $50 million capittal injection.