InCred Unicorn

InCred Finance leverages advanced technology and data science to provide customized lending solutions.

Applications, document uploads, and verification can all be completed online, with same-day approvals for qualified applicants.

InCred spans lending (InCred Finance), an integrated institutional, wealth and asset-management platform (InCred Capital), and a B2C/B2B2C digital investment distribution platform (InCred Money) under one group.

InCred Finance caters to a diverse customer base, including individuals and small and medium enterprises (SMEs), across personal, education and business/MSME loans.

InCred Wealth serves 6,400+ Families, Executives, and Entrepreneurs, including CXOs, professionals, celebrities and NRIs, plus corporate/family-office clients.

Loan applications, document uploads, and verification can all be completed online, doing away with heavy documentation and mandatory branch visits.

InCred Wealth delivers personalized strategies, expert insights, and an unwavering focus on client goals, including Family Office Services encompassing governance, philanthropy and global structuring.

Loan applications, document uploads, and verification can all be completed online via InCred's digital platform.

InCred Group's workforce operates across 150 branches across India, alongside its digital channel.

InCred Finance aims to leverage technology and the Internet to make credit decisions, loan disbursal, and collections smoother.

InCred Capital is an integrated institutional, wealth and asset-management platform, alongside InCred AMC as its dedicated asset-management vertical.

The combined entity operates as InCred Finance with a $600 million balance sheet and approximately $300 million equity base, following the merger with KKR India Financial Services.

InCred Group has a workforce of over 3500+ employees and 150 branches across India.

InCred Financial Services Limited ("InCred Finance") completed a strategic merger with KKR India Financial Services Limited ("KIFS") on 27 July 2022, with KKR remaining involved as a strategic partner.

FMO led InCred's $85.89 Mn Series A round in April 2019, alongside Moore Capital, Elevar Equity and Alpha Capital.

Interest income accounted for 95% of the total operating revenue which increased 74% to Rs 823 crore in FY23.

Personal loans are provided at an average yield of 24%, education loans at an average yield of 12.6%, and MSME/anchor-backed loans at an average yield of 15.6%.

Finance cost rose by 62.6% to Rs 356 crore in FY23 from Rs 219 crore in FY22.

Total cost was up by 30.7% to Rs 630 crore in FY23 from Rs 482 crore in FY22.