KreditBee raises $80 million from existing investors

5 Dec 2022 , 11:43 AM

Credit-based fintech firm KreditBee has raised $80 million from its current backers, including Premji Invest, Motilal Oswal Alternates, TPG-backed NewQuest Capital Partners, and Mirae Asset Ventures. Its ongoing Series D investment round includes the money.

Mitsubishi UFJ Financial Group (MUFG) Bank, based in Japan, joined the round as a new investor.

MUFG Bank’s other investments in Indian fintech startups include M2P Fintech, a financial infrastructure provider, and DotPe, a contactless ordering and payment startup.