KreditBee, digital lending platform, has raised $280 million in its Series E funding round at a post-money valuation of $1.5 billion, marking its entry into the unicorn club and making it the first unicorn of FY27.

The round was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds, with participation from WhiteOak Capital, A.P. Moller Holding, and existing investors including Premji Invest and Advent International.

Co-founded by Madhusudan E., Karthikeyan Krishnaswamy and Vivek Veda in 2016, KreditBee delivers credit through its RBI-registered NBFC, KrazyBee Services Limited, along with co-lending partnership with over 10 financial institutions.

This fundraise comes as the company continues to strengthen its business and technology capabilities ahead of its next phase of growth and potential public market plans. The fresh capital will be deployed to expand KreditBee’s lending portfolio, deepen its presence across key markets, and further strengthen its technology platform.

The company plans to scale its artificial intelligence (AI) capabilities to drive sharper risk assessment, improve credit penetration, and enable more personalised financial offerings across customer segments.

Speaking on the development, Madhusudan E, Co-founder and CEO, KreditBee, said: “This fundraise marks an important milestone in our growth journey. The strong interest from new investors, along with continued participation from our existing investors reflects deep confidence in our business model and our mission to make credit accessible to millions of Indians. We are increasingly embedding AI into the core of our lending stack to enhance underwriting precision, strengthen risk controls, and deliver a faster, more intuitive customer experience.”

KreditBee has over 230 million app downloads and a strong base of more than 18 million unique loan customers. The platform has facilitated over 60 million loans across India and manages assets under management (AUM) of $1.5 billion as of March 2026. The platform offers a range of loan products, including personal loans, business loans, loans against property (LAP), and two-wheeler loans. In addition, KreditBee provides value-added services such as credit report solutions and UPI-based offerings. The company has built strong traction across metros as well as Tier-2 and Tier-3 cities, reflecting the growing adoption of digital credit solutions.

Published on April 8, 2026