By Megha Vishwanath Jul 20, 2020 6:10:07 PM IST (Published)
Financial services platform InCred, a provider of consumer and MSME loans, has raised Rs 500 crore debt funding from various public sector banks and public financial institutions.
Financial services platform InCred, a provider of consumer and MSME loans, has raised Rs 500 crore debt funding from various public sector banks and public financial institutions.
With this fund, will InCred is looking to boost lending across select segments in consumer, education and MSME markets.
Founded in 2016 by former head of investment banking at Deutsche Bank Asia-Pacific Bhupinder Singh, the company launched its market operations in January 2017 and since then InCred claims to have added over 500,000 customers in more than 20 cities across India.