• The agreement was signed by Ajit B. Chavan, Additional Chief Executive Officer(CEO), GeM; and Atish Kumar Rout, General Manager (GM) – Digital Business Transformation Division (DBTD), PNB, in New Delhi, Delhi.

Key Details of Partnership:
MSME Support: This partnership empowers Micro, Small and Medium Enterprises (MSMEs) and small businesses by improving access to timely and affordable formal credit, while ensuring transparency and efficiency through digital, paperless loan processing.
Integration: The onboarding of PNB as a lending partner on the GeM Sahay Portal enables sellers to access collateral-free short-term loans against GeM purchase orders, improving liquidity and easing cash flow challenges.
Ease of Doing Business: By integrating procurement with financing, the initiative enhances ease of doing business (EoDB), expands vendor participation, and supports the Digital India vision through a seamless and technology-driven procurement ecosystem.

Fintech lender KreditBee enters unicorn club with USD280 million pre-IPO funding 
In April 2026, KreditBee, leading digital lending firm in India, entered the unicorn club by raising  USD 280 million in a Series E funding round, with a post-money valuation of USD 1.5 billion  ahead of a planned Initial Public Offering (IPO).

• With this, KreditBee becomes the 3rd unicorn of 2026, after Juspay (in January 2026) and Neysa (in February 2026).

Key Details:
Key Investors: The funding round was backed by Motilal Oswal Alternates, Hornbill Capital, and Mitsubishi UFJ Financial Group, Inc. (MUFG)-backed Dragon Fund.
Funds Utilization: The company plans to use the  proceeds to diversify its lending portfolio, bolster its technology stack, and scale Artificial Intelligence (AI) capital to enhance risk assessment and offer new personalized financial products.