“We are delighted to welcome a long-term financial and strategic partner in Advent. This reinforces the confidence in our profitable business model and the long-term sustainability of it. The latest round will help us to achieve our vision of serving over 400 million middle income population in the country,” said Madhusudan Ekambaram, co-founder and chief executive of KreditBee, in a statement.

https://techcrunch.com/2023/01/06/indian-fintech-kreditbee-nears-700-million-valuation-in-new-funding/