# KBNBFC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kbnbfc

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.kbnbfc.in
- Total disclosed funding: $89M
- Latest round: Series C (Mar 30, 2021)
- Investors on record: 12

## About

KrazyBee Services Private Limited, based in India, provides innovative financial solutions through a variety of personal loan products aimed at salaried professionals.Founded in 2016, KrazyBee Services Private Limited operates from Bangalore, India. The company focuses on offering unsecured personal loans tailored for consumers' immediate financial needs. With a total of 6 deals, their most recent funding round occurred on March 30, 2021, where they raised USD 45.10 mn in Series C financing from investors including ADM Capital, Alpine Investors, and others. The company's valuation post-money reached USD 220.10 mn.KrazyBee Services Private Limited specializes in providing financial solutions through a range of loan products tailored for salaried professionals in India. Their core offerings include personal loans that are unsecured and designed to address immediate financial needs, allowing consumers to manage expenses without collateral. Utilizing advanced technology, including Big Data and AI-based underwriting models, the company streamlines the loan approval process, ensuring customers can quickly access funds. Serving over 90 lakh borrowers across India, their services are accessible 24/7, empowering users to avail themselves of loans conveniently.In 2023, KrazyBee Services Private Limited reported revenues of INR 88,775,651.40 and an EBITDA of INR 31,573,353.90. The company has disbursed over ?35,000 crores in personal loans since its inception, generating revenue primarily through interest accrued from these loans, structured as unsecured personal loans.KrazyBee Services Private Limited aims to expand its product offerings and geographic reach. The funding from their Series C round, raised on March 30, 2021, will support the development of new loan products designed for diverse customer segments. Additionally, they plan to enter new markets across Southeast Asia by 2024, leveraging their technological capabilities to enhance service delivery. The recent capital will facilitate these expansions and bolster their operational infrastructure.

## Funding rounds

- Series C, Mar 30, 2021, $45M — Alpine Investors, ADM Capital, TPG NewQuest, PremjiInvest, Motilal Oswal Financial Services, Mirae Asset-Naver Asia Growth Fund
- Series B, Oct 18, 2019, $35M — ICICI Bank, Shunwei Capital, Kunlun Group Limited, Capria Ventures, Quark Venture
- Series A, Nov 7, 2017, $9.4M — Shunwei Capital, Xiaomi Group

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A, Series B
- Xiaomi Group — Series A
- ICICI Bank — Series B
- Kunlun Group Limited — Series B
- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Series B
- Quark Venture (https://capitalatlas.ai/funds/quark-venture) — Series B
- Alpine Investors (https://capitalatlas.ai/funds/alpine-investors) — Series C
- ADM Capital — Series C
- TPG NewQuest (https://capitalatlas.ai/funds/tpg-newquest) — Series C
- PremjiInvest (https://capitalatlas.ai/funds/premjiinvest) — Series C
- Motilal Oswal Financial Services — Series C
- Mirae Asset-Naver Asia Growth Fund — Series C