About InCred
InCred is a company based in Mumbai (India) founded in 2016 by Bhupinder Singh. InCred has raised $349.23 million across 14 funding rounds from investors including Nippon India Mutual Fund, Morgan Stanley and KKR. The company has 1,749 employees as of December 18, 2024. InCred has completed 2 acquisitions, including InstaPaisa and Qbera. InCred offers products and services including Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance. InCred operates in a competitive market with competitors including FlexiLoans, DMI Finance, Oxyzo, Clix Capital and Niyogin, among others.
- Headquarter Mumbai, India
- Employees 1749 as on 18 Dec, 2024
- Founders Bhupinder Singh
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Incred Financial Services Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$106.45 M (USD)95.05as on Mar 31, 2018
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Net Profit
$28.14 M (USD)47.6as on Mar 31, 2018
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EBITDA
$91.63 M (USD)141.57as on Mar 31, 2018
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Total Equity Funding
$349.23 M (USD)
in 14 rounds
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Latest Funding Round
$46.79 M (USD), Debt – Conventional
Jul 04, 2025
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Investors
Nippon India Mutual Fund
& 67 more
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Employee Count
1749
as on Dec 18, 2024
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Investments & Acquisitions
InstaPaisa
& 1 more
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Products & Services of InCred
InCred offers a comprehensive portfolio of products and services, including Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance.
Provides funding for individual financial needs and expenses.
Offers loans to cover educational costs and student requirements.
Supports small and medium enterprises with business growth funding.
Delivers tailored loans for merchants in the lending ecosystem.
Facilitates financing for businesses in supply chain operations.
Funding Insights of InCred
InCred has successfully raised a total of $349.23M across 14 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $46.79 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in InCred
InCred has secured backing from 68 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Nippon India Mutual Fund, Morgan Stanley and KKR.
| Investor | Description | Founded Year | Domain | Location |
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Financial services including portfolio management, alternative investments, and offshore products for high net-worth individuals and institutions.
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Private debt firm
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Investor details for InCred
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Investments & Acquisitions by InCred
InCred has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include InstaPaisa and Qbera.
Investment portfolio details for InCred
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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B2C marketplace for personal loans
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Personal loans are facilitated via an online lending marketplace.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for InCred
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - InCred
Detailed financials for InCred
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Incred Comparisons
Peer comparison for InCred
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Competitors of InCred
InCred operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FlexiLoans, DMI Finance, Oxyzo, Clix Capital and Niyogin, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Business loans and financial products for MSMEs are provided.
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Personal, MSME, consumption, and EV loans are provided digitally.
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Financial solutions including loans are provided for SMEs and corporates.
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Lending platform for consumers and businesses is provided.
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Online lending marketplace for business loans
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Detailed competitors of InCred
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Latest news on Incred
Complete news archive for InCred
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- Brand-specific news history
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Frequently Asked Questions about InCred
InCred was founded in 2016 and raised its 1st funding round 1 year after it was founded.
InCred is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Bhupinder Singh is the current CEO of InCred. They have also founded this company.
InCred is a funded company, having raised a total of $349.23M across 14 funding rounds to date.
As of Dec 18, 2024, the latest employee count at InCred is 1,749.
Annual revenue of InCred is $106.45M as on Mar 31, 2018.
InCred was founded in 2016 in Mumbai, India, within the financial services sector. Loans are offered for personal needs, education, merchants, and supply chain finance, along with options for loans against property. An online portal is utilized to deliver financial resources and support. Operations focus on accessible lending solutions across these categories in the Indian market.
InCred's top competitors include FlexiLoans, Clix Capital and Oxyzo.
InCred offers Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance.
InCred has made 2 acquisitions, including InstaPaisa, and Qbera.
InCred has 68 investors. Key investors include Nippon India Mutual Fund, Morgan Stanley, KKR, Bank of India, and Central Bank of India.
The valuation of InCred is $366.52M as of Apr 2019.