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![Inc42 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::605783487.png) Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers
Created: 2025-07-23 13:58:11 UTC

Bengaluru-based KreditBee has reportedly received approval from its board to convert into a public entity as it readies for an initial public offering (IPO).👇

That KreditBee’s board of directors approved its transition into a public limited company via a special resolution passed on June XX.

Sources further told the publication that the company also received a nod from the Reserve Bank of India (RBI) to merge group technology arm Finnovation Tech Solutions into non banking finance company (NBFC) Krazybee Services.

Founded in 2016 by Madhusudan Ekambaram, Vivek Veda, and Karthikeyan Krishnaswamy, KreditBee facilitates credit and other personal finance services through its NBFC Krazybee Services Private Limited.

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#news #Inc42 #fintech #IPO #funding #growth #expansion #startupnews #startup #India #businessnews #business #RBI #tech #financialnews

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