KreditBee, leading digital lending platforms, has issued more than 1,00,000 cards. KreditBee has become one of the fastest players among the fintechs who offering cards to cross the milestone, within 60 days of its launch. Further, it aims to expand the portfolio by issuing over 1 million ‘KreditBee Cards’ by March 2022.
‘KreditBee Card’ provides the unserved and underserved banking customers, a quick and secured access to short-term liquidity with multiple repayment options, eliminating the need to avail a separate loan. The customer can avail credit limit upto Rs 10,000 that can be repaid within a single billing cycle not extending beyond 45 days.
Customers can make multiple withdrawals or purchases (within the credit limit).
Madhusudan Ekambaram, Co-Founder & CEO, KreditBee, said, “We at KreditBee are proud to have achieved this milestone of crossing 1 lakh KreditBee Cards within a short span of less than 60 days. These growing numbers represent the trust and confidence that customers are showing in us and I would also like to thank our partners. We aim to democratize credit in India by issuing more KreditBee Cards, which will function as virtual cards for responsible borrowers, irrespective of their demographic & income group. Towards the same, we intend to issue over 1 million cards to the customers by March 2022.”