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KreditBee, a digital lending platform, has raised USD 280 million in its Series E funding round at a post-money valuation of USD 1.5 billion, entering the unicorn club and becoming the first unicorn of the year.
The funding round was led by Motilal Oswal Alternates, Hornbill Capital and MUFG-backed Dragon Funds. It also saw participation from WhiteOak Capital, A.P. Moller Holding and existing investors such as Premji Invest and Advent International.
Founded in 2016 by Madhusudan E., Karthikeyan Krishnaswamy and Vivek Veda, KreditBee provides loans through its RBI-registered NBFC, KrazyBee Services Limited and works with more than 10 financial institutions through co-lending partnerships.
The company said it will use the new funds to expand its lending portfolio, strengthen its technology platform and increase its presence in key markets. It also plans to scale artificial intelligence capabilities to improve risk assessment and offer more personalised financial products.
KreditBee has crossed 230 million app downloads and serves over 18 million unique loan customers. It has disbursed more than 60 million loans across India and reported assets under management of about USD 1.5 billion as of March 2026.
Its product offerings include personal loans, business loans, loans against property and two-wheeler loans, along with credit report services and UPI-based products.
Earlier, the company raised USD 100 million in January 2023 as part of an extended Series D round led by Advent International at a valuation of around USD 700-800 million.
With this funding, KreditBee becomes the third unicorn of 2026 after Neysa and Juspay.
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