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About Fintech Association for Consumer Empowerment FACE
KrazyBee is a micro-lending startup that specializes in providing small loans to students and newly employed salaried professionals. Established in 2016 and operating as a Non-Deposit taking Non-Banking Financial Institution (NBFC) registered with the Reserve Bank of India, KrazyBee began its lending operations in June 2017.
The company offers unsecured personal loans up to ₹400,000, with repayment periods ranging from 4 to 48 months. Utilizing a fully-automated digital lending model, loans are processed through the KreditBee mobile application, allowing for quick disbursement within 15-20 minutes. KrazyBee also collaborates with partner lenders for co-lending, broadening its service reach. With a total assets under management of ₹7,644 crore as of March 2024, KrazyBee has raised $407.64 million in funding, reflecting its strong position in the micro-lending sector.
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