Bengaluru-based Fintech Lending Platform KreditBee's holding entity, Finnov has raised an additional $ 70 Mn in a follow-on Series C round from TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity. The conclusion of this round has led to an exit of most of the early-stage investors.
The funds will be deployed towards expanding the lending portfolio to different products and developing an offline-online lending capability to bridge the consumer financing needs of India.
