Fintech Unicorn InCred Finance Raises $30 Mn Debt

InCred Finance’s board passed resolutions to cumulatively issue 28,500 non-convertible debentures having a face value of INR 1 Lakh each to secure a debt of INR 258 Cr

Led by Neo Group, the debt funding round also saw participation from InCred’s wealth division and investment banking arm

InCred Finance is looking to launch an IPO in the latter half of 2025, seeking to raise $470 Mn to $590 Mn

Fintech unicorn Incred Finance has secured a debt of INR 258 Cr (around $30 Mn) from a clutch of investors, led by wealth…