Fintech firm InCred Financial 2nd unicorn in ’23 after Zepto.
InCred Holdings, the parent of InCred Financial Services, has turned a unicorn (valued at over $1 billion) after it raised Rs 500 crore from a clutch of investors including a global PE fund, corporate treasuries, family offices, and ultra high net-worth individuals (UHNIs).
InCred is a new-age financial services platform that leverages technology and data science across its suite of offerings.
Product Offerings:
1. Education Loan
2. Business Loan
3. Personal Load
4. Merchant Loan
Incred Group:
InCred Group is a diversified financial services firm headquartered in Mumbai, boasting a workforce of over 2,200 employees and 70+ branches across India. The group comprises three distinct businesses - ‘InCred Finance’ which is a new-age lending-focused NBFC; ‘InCred Capital’ which is an integrated institutional, wealth and asset management platform and ‘InCred Money’ the integrated B2C and B2B2C digital investment distribution platform targeting mass-affluent and retail segment. Focus on product innovation and cutting-edge technology to meet the constantly evolving customer needs is at the core of InCred’s business proposition.
INCRED HOLDINGS LIMITED
(ISIN: INE732W01014)
Here’s a glimpse of the InCredible journey of one man’s vision to create a Financial Services company that today has enabled millions of Indians to fulfil their dreams. With the backing of 900+ InCredibles and the endorsement of marquee investors, they continue to reach new milestones.
Final Annual Report-1 (pdf)
DownloadInCred Financial Services Ltd aims to raise ₹4,000-5,000 crore ($471-588 million) in an initial public offering late next year, less than two years after the KKR-backed fintech startup earned its unicorn stripes, two people familiar with its plans told Mint.
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