Fintech Unicorn InCred Finance Raises $30 Mn Debt

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SUMMARY

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…



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Fintech Unicorn InCred Finance Raises $30 Mn Debt


SUMMARY

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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