Micro-lending startup KrazyBee raises $8M, intends to enter payday-loan section

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 it had raised $8 million in a series. The financing raised had been a mix of equity and debt, with involvement from Essel Group’s E-City Ventures and RK Group.

The financing statement comes within a 12 months of this company increasing $3 million pre-Series A round in January from Plum Ventures. (más…)

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