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InCred raises 500 cr in debt funding

InCred, a financial services platform that provides consumer and Micro, Small & Medium Enterprises (MSME) loans, has raised Rs 500 crore in debt funding from various public sector banks and public financial institutions.

This round of debt financing will boost InCred’s lending expansion across select segments in the consumer, education and MSME markets.

“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,” Vivek Bansal, Group CFO of InCred, said.

InCred had earlier raised Rs 600 crore ...

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