- InCred, a fintech platform on the brink of unicorn status, is preparing to enter the insurance sector, having applied for a Corporate Insurance Agency License from the Insurance Regulatory and Development Authority of India.
- The company, which currently offers consumer, MSME, and student loans, is raising approximately $60 million in a Series D funding round to improve lending products.
- InCred, which last year merged with KKR’s corporate finance arm, has disbursed loans worth Rs 18,000 crore to date and reported a pre-tax profit of Rs 170 crore in H1 FY24.
[Via]
