Bengaluru-based fintech start-up KreditBee has joined the unicorn club after raising $280 million in a pre-IPO round. The consumer lending company is now valued at $1.5 billion post-money.

The funding was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds. Existing investors Premji Invest and Advent International also participated in this round along with WhiteOak Capital and A.P. Moller Holding. With this latest investment, KreditBee's total funding has reached approximately $540 million.