Incred Finance

Incred Finance is a Non-Banking Financial Company (NBFC) in India. The company focuses on Consumer Loan, Home Loan, Education Loan, and SME Lending.[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]

Incred Finance
TypePrivate
FounderAnshveer Singh (CEO & Founder) [1]
HeadquartersMumbai
Key people
Anshu Jain
ServicesFinancing
Websitehttps://www.incred.com/

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

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
  1. "InCred Finance". timesofindia.indiatimes.com. Retrieved 23 Dec 2017.
  2. "Anshu-backed financial tech lender targets Rs 3k-cr loans - Times of India". The Times of India. Retrieved 2017-03-27.
  3. "Mumbai-Based InCred Finance Raises $75 Million". TechStory. 2016-08-24. Retrieved 2017-03-27.
  4. "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.
  5. "Former Deutsche Bank co-chief Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in India". The Economic Times. Retrieved 2017-03-27.
  6. "Former Deutsche Bank co-CEO Anshu Jain, others back InCred Finance". VC Circle. Retrieved 27 June 2016.
  7. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2017-03-27.
  8. "Former Deutsche Bank co-CEO Anshu Jain, others back InCred Finance". VCCircle. 2016-08-23. Retrieved 2017-03-27.
  9. "Paragon Partners closes two deals worth Rs100 crore". Retrieved 2017-03-27.
  10. "InCred bags Rs 500 crore in debt funding - ETtech". The Economic Times.
  11. 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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