Micro-lending startup KrazyBee raises $8M, intends to enter payday-loan section
A round led by Xiaomi Technologies and Chinese venture capital fund Shunwei Capital on Monday, Bengaluru-based micro-lending startup KrazyBee said online installment loans Maryland it had raised $8 million in a series. The financing raised ended up being a mix of debt and equity, with involvement from Essel Group’s E-City Ventures and RK Group.
The money statement comes in just an of the firm raising $3 million pre-series a round in january from plum ventures year.