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﻿KrazyBee﻿, a micro lending platform, has recorded a revenue of Rs 71,700 lakh from operations in FY22-23 compared to Rs 33,660 lakh in the previous year, at a 113% increase. The Bengaluru-based company's overall expenses rose 114% to Rs 63,158 lakh from Rs 29,548 lakh in the previous year. It reported a net profit of Rs 6,509 lakh in FY22-23, compared to a net profit of Rs 2,879 lakh in the previous year

﻿KrazyBee records 113% rise in revenue, net profit of Rs 6,509 lakh in FY22-23

Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has entered digital consumption loans space through a tie up with KrazyBee. Under this partnership Poonawalla Fincorp will offer small ticket personal loans to individuals. Poonawalla Fincorp focusses on consumer and small business finance as a part of its stated strategy. This partnership is a step towards building strong partnership with partners who have demonstrated distribution at scale, risk management capabilities along with their technology prowess. The partnership provides complete end to end digital consumer loans across the country.

Poonawalla Fincorp partners KrazyBee to enters digital consumption loan space

Krazybee Services Private Limited was incorporated in 2016 and commenced its operations in June 2017 as NBFC, with focus on the niche segment of student personal loans under the brand name ‘KrazyBee.

The Reserve Bank of India (RBI) has come out with a circular on digital lending on September 02, 2022. Digital lending is gaining momentum & size, and the regulations in the industry are also evolving exposing the industry to regulatory risk.


The issuer has made timely interest payments.

Mr Madhusudan E, CEO

The company has a fully automated digital lending model with the loan origination happening through its mobile application KreditBee which is owned by the group company Finnovation.

Aided by regular capital infusions, the company has been able to maintain healthy capitalisation levels. Till date, the company has raised ₹1,850 crore through various investors.

9.84%KrazyBee Services Private Limited 26 Jul 2025

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INE07HK07726

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﻿KrazyBee records 113% rise in revenue, net profit of Rs 6,509 lakh in FY22-23

Poonawalla Fincorp partners KrazyBee to enters digital consumption loan space

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KrazyBee records 113% rise in revenue, net profit of Rs 6,509 lakh in FY22-23