InCred

InCred is an Indian non-banking financial company. It is a private NFI whose focus lies on providing consumer loans such as personal loans, educational loans and SME business loans. Headquartered in Mumbai, Maharashtra, it was founded by Bhupinder Singh.

According to their website in 2016, former co-CEO of Deutsche Bank, Anshu Jain joined their Advisory Board. Other members include the likes of M D Mallya, previous Chairman of Bank of Baroda.

In March of 2023, they acquired a 20 per cent stake in TeamNest as part of their Series A round. This enabled TeamNest to access InCred’s network within the Indian market, allowing them to compete within India’s HR Tech space.

According to business today, through the new AIF, homegrown wealth and asset management firm InCred Capital offers risk-adjusted returns to investors in order to become an alternative to debt funds

Their competitors include the likes of Capital Float, IndiaLends and LendingKart.