KreditBee, an India-based digital lending platform, has raised USD 280 million in a Series E funding round at a post-money valuation of USD 1.5 billion, marking its entry into the unicorn club and making it the first unicorn of India's financial year 2027.
The round was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds, with participation from WhiteOak Capital, A.P. Moller Holding, Premji Invest, and Advent International.
Founded in 2016 by Madhusudan E., Karthikeyan Krishnaswamy, and Vivek Veda, KreditBee delivers credit through its RBI-registered non-banking financial company, KrazyBee Services Limited, alongside co-lending partnerships with more than ten financial institutions. The platform has facilitated over 60 million loans across India, holds assets under management of USD 1.5 billion as of March 2026, and serves more than 18 million unique loan customers with over 230 million app downloads.
Capital deployment and AI strategy
The fresh capital will be used to expand KreditBee's lending portfolio, deepen its market presence, and strengthen its technology platform. A central focus of the next growth phase is scaling AI capabilities to drive sharper risk assessment, improve credit penetration, and enable more personalised financial offerings across customer segments.
KreditBee offers personal loans, business loans, loans against property, and two-wheeler loans, alongside value-added services including credit report solutions and UPI-based products. The platform has built traction in metro areas as well as Tier-2 and Tier-3 cities, reflecting growing adoption of digital credit across a broader geographic base. The company has indicated potential public market plans as part of its next phase of growth.
Madhusudan E., Co-founder and CEO of KreditBee, said the strong interest from new investors alongside continued participation from existing backers reflects confidence in the company's model and mission to make credit accessible to millions of Indians, with AI increasingly embedded into the core of its lending stack.
