The digital lending service KreditBee has attained unicorn status in India after raising $280 million in a Series E funding round, valuing the company at $1.5 billion.

The Bengaluru-based startup stated on Wednesday, April 8, that it will utilize the new funding to improve its Artificial Intelligence capabilities and expand its lending services by reinforcing its presence in key markets.

The funding round was led by Motilal Oswal Alternates, Hornbill Capital, and Dragon Funds backed by MUFG, along with investments from WhiteOak Capital and AP Moller Holding. Existing investors such as Premji Invest and Advent International participated in this round as well.

Founded in 2016, KreditBee offers loans through its RBI-registered NBFC, KrazyBee Services Limited, in partnership with more than 10 financial institutions.

The firm announced that AI features will be employed to improve risk evaluation precision, increase credit access, and enable more customized financial solutions for various customer groups.

“Madhusudan E, Co-founder and CEO of KreditBee, stated that we are gradually embedding AI into the core of our lending framework to enhance underwriting precision, strengthen risk management, and deliver a faster, more user-friendly experience for customers.”

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Operating in India's competitive fintech and lending landscape, KreditBee manages both business and personal loans, facilitating over 60 million loans thus far with a strong presence in non-metro areas. As of March 2026, it manages $1.5 billion in assets (AUM).

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Tracxn reports that it ranks 56th out of over 1,000 competitors, including InCred, Stashfin, and Yubi, among others.

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KreditBee is a service for Instant Personal Loans designed for both self-employed and salaried persons, enabling them to apply for a Personal Loan from Rs.6,000 to 10 Lakhs according to their requirements. Their aim is to become the top choice for quick and convenient Personal Loans.