Debt financing
KreditBee’s NBFC subsidiary raises $32-M
KB NBFC , the non-banking financial company subsidiary of lending tech startup KreditBee, has raised INR 268 crore (about USD 32 million) in debt funding from Yubi, Dzerv, Neo Group, OfBusiness, and Oxyzo.Launched in 2018 by Madhusudan Ekambaram, Karthikeyan Krishnaswamy, and Vivek Veda, KreditBee offers credit and other personal finance requirements and claims to have a user base of over 30 million salaried as well as self-employed individuals, predominantly young professionals.
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