KreditBee Plans Fundraise, Eyes IPO Next Year Amidst Competition

KreditBee, a company that lends money, is trying to raise money from investors.

They want to get up to $120 million to help their business grow.

They've hired some big banks to help them.

They plan to offer their company's stock to the public next year.

Other similar companies are also planning to do the same, so KreditBee needs to be quick.

They've already made a lot of money in the last year.

This money will help them expand their business and give their current investors a chance to sell their shares.