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Type | Private |
---|---|
Founded | 2017 |
Founder | Bhupinder Singh (Founder & Group CEO) [1] |
Headquarters | Mumbai |
Services | Financing |
Website | https://www.incred.com/ |
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]
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]
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