Incred Financial Services (Incred Finance), a non-banking financial company (NBFC) founded by Bhupinder Singh, a former senior executive at Deutsche Bank, has initiated a fundraising campaign with the goal of raising between $125 million to $150 million. The funds will be raised at a valuation of up to $1.5 billion, equivalent to approximately ₹12,000 crore, according to two sources familiar with the matter.
Incred Finance, which focuses on retail lending, aims to secure the additional capital to fuel its expansion plans and strengthen its position in the financial services sector. The company has gained significant traction since its inception, offering a range of loan products to individuals and businesses.
The fundraising initiative demonstrates the confidence of investors in Incred Finance’s business model and growth potential. With the backing of a former senior executive from a renowned global bank, the company has successfully carved a niche for itself in the competitive Indian financial landscape.
The valuation of up to $1.5 billion reflects the market’s positive reception to Incred Finance’s operations and its potential for future growth. This significant valuation underscores the company’s achievements in delivering value to its customers and shareholders.
The sources familiar with the matter highlighted that Incred Finance has engaged with potential investors and is in advanced discussions to secure the targeted funds. The fundraising efforts are expected to attract both domestic and international investors who are keen to participate in the growth story of the Indian financial services industry.
The proceeds from the fundraising round will be utilized to expand Incred Finance’s loan book, enabling the company to cater to a larger customer base and meet the growing demand for credit. The funds will also support the development of innovative lending products and the enhancement of the company’s technological infrastructure.
Incred Finance’s focus on retail lending positions it strategically in the Indian market, where the demand for consumer and business loans continues to rise. By offering customized loan solutions and leveraging technology-driven processes, Incred Finance aims to address the evolving needs of borrowers and provide a seamless borrowing experience.
The growth potential of Incred Finance is further accentuated by the favorable macroeconomic factors in India. As the country recovers from the pandemic-induced economic slowdown, there is a renewed focus on economic expansion, job creation, and entrepreneurship. Incred Finance is well-positioned to play a pivotal role in supporting these initiatives through its lending activities.
The success of Incred Finance’s fundraising campaign will not only boost the company’s growth trajectory but also serve as a testament to the resilience and potential of the Indian financial services sector. It will showcase the confidence of investors in the sector’s ability to bounce back from the challenges posed by the pandemic and contribute to the country’s economic revival.
Furthermore, the fundraising efforts of Incred Finance align with the broader trend of increasing investment activity in the Indian fintech sector. As digital transformation gains momentum and financial technology solutions gain wider acceptance, investors are actively seeking opportunities to participate in the growth of innovative financial services companies.
In conclusion, Incred Financial Services (Incred Finance) is embarking on a fundraising campaign to secure between $125 million to $150 million at a valuation of up to $1.5 billion. The funds will support the expansion of its loan portfolio and enhance its position in the Indian financial services market. With its focus on retail lending and the backing of a former senior Deutsche Bank executive, Incred Finance is poised for continued growth and success. The fundraising efforts are expected to attract both domestic and international investors, further highlighting the attractiveness of the Indian fintech sector. As Incred Finance strengthens its position in the industry, it will contribute to the overall development of the financial services landscape and support India’s economic growth.
