Incred Finance
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| File:Incred-logo.jpg | |
| Private | |
| ISIN | 🆔 |
| Founded 📆 | 2017 |
| Founder 👔 | Bhupinder Singh (Founder & Group CEO) [1] |
| Headquarters 🏙️ | Mumbai |
Area served 🗺️ | |
| Services | Financing |
| Members | |
Number of employees | |
| 🌐 Website | https://www.incred.com/ |
| 📇 Address | |
| 📞 telephone | |
Incred Finance is a private NFI (NBFC) in India. The company focuses on Consumer Loans - Personal Loan, Educations Loans and SME Business Loans.[2] It is headquartered in Mumbai, Maharashtra.[3] It was founded by Bhupinder Singh, ex-head of the Corporate Finance division of Deutsche Bank.[4]
Former Co-CEO of Deutsche Bank, Anshu Jain, joined the Advisory Board of the company.[5] Other members on the board include M D Mallya (former Chairman, Bank of Baroda).
Incred Finance acquired FinTech platform InstaPaisa.com in 2015.[6][7]
Funding[edit]
Incred Finance received an initial round of funding of ₹500–600 Crore from Ranjan Pai (MD & CEO, Manipal Group), Gaurav Dalmia (Founder & Chairman, Landmark Holdings), IDFC PE, and Alpha Capital.[8] Paragon Partners, a private equity firm, invested ₹25 Crore in the company in March 2017.[9]
In 2020 the company secured ₹500 crore in a debt funding round from public sector banks and other financial institutions.[10][11]
References[edit]
- ↑ "InCred Finance". timesofindia.indiatimes.com. Retrieved 23 Dec 2017.
- ↑ "Anshu-backed financial tech lender targets Rs 3k-cr loans – Times of India". The Times of India. Retrieved 2017-03-27.
- ↑ "Mumbai-Based InCred Finance Raises $75 Million". TechStory. 2016-08-24. Retrieved 2017-03-27.
- ↑ "Mumbai-Based InCred Financial Secures $75M During Funding Round Led By Former Deutsche Bank Co-CEO". Crowdfund Insider. 2016-08-24. Retrieved 2017-03-27.
- ↑ "Former Deutsche Bank co-chief Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in India". The Economic Times. Retrieved 2017-03-27.
- ↑ "Former Deutsche Bank co-CEO Anshu Jain, others back InCred Finance". VC Circle. Retrieved 27 June 2016.
- ↑ "Tech in Asia – Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2017-03-27.
- ↑ "Former Deutsche Bank co-CEO Anshu Jain, others back InCred Finance". VCCircle. 2016-08-23. Retrieved 2017-03-27.
- ↑ "Paragon Partners closes two deals worth Rs100 crore". Retrieved 2017-03-27.
- ↑ "InCred bags Rs 500 crore in debt funding – ETtech". The Economic Times.
- ↑ Upadhyay, Harsh (2020-07-20). "InCred raises Rs 500 Cr debt from public sector banks and lenders". Entrackr. Retrieved 2020-08-27.
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