Kreditbee gets nod to become public entity

Bengaluru-based consumer lending startup Kreditbee has secured approval from its board of directors to convert into a public limited company, according to two people in the know.

In a regulatory filing, a copy of which ET has seen, Kreditbee said its board had approved the said conversion on June 27 through a special resolution.

On July 5, the company also received an approval from the Reserve Bank of India (RBI) to merge group technology arm Finnovation Tech Solutions into non-banking finance company Krazybee Services, said one of the people cited above.


This will help bring Kreditbee’s entire technology and credit disbursal business under one entity – a vital step before the company could go public, the sources said.

Emailed queries to the startup remained unanswered until press time Tuesday.

Kreditbee recently reverse-flipped its parent entity from Singapore to India.

Three other prominent fintech lenders – Aye Finance, Kissht and Moneyview – are at different stages of going public.

“Kreditbee, like many other digital lending startups, is getting internal processes in place so that it can get IPO ready,” one of the persons cited above said. “Once the opportunity comes, it can quickly go public.”

Post the merger approval, its entire business will be undertaken through Krazybee Services, which will book some loans on its own while others will be through NBFC partners including PayU Finance, Vivriti Finance, and Northern Arc.

ET had reported on June 26 that many lending startups preparing for an IPO may actually start the process towards the end of the current year or early next year.

Kreditbee, one of the largest consumer lending startups in the country, is expected to kick off the IPO process only next year.

The company, at a consolidated level, closed FY25 with a net profit of Rs 473 crore and total income of Rs 2,712 crore.

According to a note released by credit rating agency Crisil on July 14, Kreditbee has built a total asset base of Rs 7,119 crore, with its net non-performing asset level at around 1.6%, after write-offs.

Founded in 2017 by Madhusudan Ekambaram, Karthikeyan Krishnaswamy and Vivek Veda, Kreditbee has raised around Rs 2,100 crore in equity infusion over multiple funding rounds. It counts Premji invest, Motilal Oswal, Mirae Asset Ventures and Japanese financial services major MUFG among its major investors.

The company primarily offers unsecured personal loans and is now venturing into secured credit products as well. In March 2025, Kreditbee had assets under management of over Rs 10,000 crore.