Mumbai based fintech startup InCred has raised Rs 500 Cr in debt funding from public sector banks and public financial institutions. Founded in 2016 by Bhupinder Singh, InCred aims to make the lending process easier. InCred leverages technology and data science to make lending quick and easy.
InCred has over 5 lakh customers in more than 20 cities in India. Vivek Bansal, Group CFO of InCred, said, “InCred is strengthening its funding base to support its growth vision. The recently concluded debt issuance is an endorsement of our business model, risk and analytics philosophy, and our prudent ALM policies.”
