InCred raises Rs 500 Cr debt from public sector banks and lenders

11:30:00 PM, Monday 20th of July 2020 | in business

Fintech platform that provides consumer and MSME loans, InCred has raised Rs 500 crore in a debt funding round from various public sector banks and public financial institutions. The debt issuance took the form of term loans, NCDs (under LTRO and PCG scheme) and market-linked debentures. Besides the equity round of $86 million in April 2019, this is the fourth round of debt fund for the firm in the past nine months.