Company Name : InCred Financial Services
Monday, October 7, 2019 12:59PM IST (7:29AM GMT)
Mumbai, Maharashtra, India
The issue was fully subscribed despite the tough market backdrop, and it highlights the appetite in the investor community for Consumer and MSME focused small ticket lending models. The innovative fundraising gives investors access to a higher yielding asset class, and it provides InCred an alternative source of funding to the traditional Bank and Capital Markets channels.
InCred CFO Vivek Bansal said, “We are very pleased with the issuance of our debut MLD and its over-subscription in this market indicates the confidence that investors have in our diversified business model, our risk management philosophy and practices, our technology infrastructure, and the quality of our talent pool. We were pleased with the arranger services provided by Sanctum and will look to issue additional tranches under our MLD Programme in future.”
Mumbai-headquartered tech-enabled new age NBFC InCred provides Personal loans, Education Loans, and SME loans that are tailor-made to the unique needs of its customers. InCred, promoted by former Deutsche Bank executive Bhupinder Singh, has previously closed 2 successful rounds of equity raising and has a diversified pool of debt providers across the Indian banking and capital markets ecosystem.
TradeIndia Gears up to Conduct Consumer Goods Expo India 2020 – the World's Biggest Virtual Exposition for MSMEs in India
The pioneering trade event held during December 3-5 will help Indian manufacturers, suppliers, and exporters of consumer packaged and durable goods discover novel business opportunities in the new ...
Bitcoin Latinum Launches To be World's Largest Insured Cryptocurrency with Backing From Titans of Industry
Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing its official pre-sale launch. Bitcoin Latinum will trade ...