Indian fintech lending platform KreditBee has completed a $200 million Series D funding round, with participation from Mitsubishi UFJ Financial Group

ChainCatcher news, Indian fintech lending platform KreditBee has completed a $200 million Series D funding round, with $100 million coming from private equity giant Advent International, and the remaining funds contributed by Japan's MUFG and existing investors like Premji Invest. The new funds will be used to scale existing operations and diversify products by venturing into digital financial products.

KreditBee was launched in May 2018, focusing on providing full-stack digital loans to young professionals. In March 2022, Japan's MUFG collaborated with Animoca Brands to consider supporting businesses such as NFT issuance and electronic marketplace operations. (Source link)