Business »  Topic »  InCred acquires digital loan platform Qbera

InCred acquires digital loan platform Qbera

The company won’t confirm the amount but the deal, which was pegged at $10-15 million, is believed to have happened much cheaper.

InCred Management and Technology Services, a wholly-owned subsidiary of InCred Financial Services, has acquired Bengaluru-based digital lending platform Qbera. The company did not disclose the amount at which the deal was struck.

Moneycontrol was the first to write, on February 3 this year, about InCred's plan to acquire a majority stake in Qbera.

“The Qbera acquisition importantly marks the launch of InCred’s platform business -- a first of its kind for an NBFC (non-banking financial company ...

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