back Back

InCred announces completion of merger with KKR India

By Leandra Monteiro

July 28, 2022

  • Digital Lending
  • Equity
  • InCred Financial Services

InCred InCred and KKR announced the conclusion of the strategic merger of InCred Financial Services Limited and KKR India Financial Services Limited (“KIFS”).

The closure of the transaction creates a leading Indian non-banking finance company with the enhanced resources to better meet the needs of retail borrowers and micro, small and medium enterprises (“MSMEs”). InCred Finance’s combination with KIFS meaningfully adds to its equity base and strengthens its ability to accelerate growth and gain market share in the retail and MSME lending space. The transaction further reaffirms the strength and quality of the retail lending platform built by InCred Finance, which has a sharp focus on strong risk-management and collections practices and incorporates innovative technology solutions to enhance operational efficiencies.

Commenting on the closure of the deal, Bhupinder Singh, Founder and CEO of InCred Group said, “InCred Finance’s business has emerged in great shape from the pandemic delivering top-notch risk performance. The strategic  partnership with KKR significantly accelerates our ability to deliver our class-leading offerings at a large scale and to capitalise on the enormous credit opportunity in India.”

Gaurav Trehan, Partner and CEO of KKR India added, “This merger combines the strengths of InCred Finance and  KIFS to create a market-leading lending platform with the enhanced resources and expertise to meet the diverse funding needs of Indian customers. KKR is pleased to remain involved with the business as a strategic partner,  and we look forward to embarking on this next phase alongside Bhupinder and the entire team.”

Previous Article

July 27, 2022

RBI gives the green light to Fairexpay to conduct cross-border payments in India

Read More
Next Article

July 28, 2022

Worldpay from FIS expands its merchant business to South Korea

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

Digital Lending

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Aven raises $142m in Series D to bring home equity-backed credit card

Read More

July 18, 2024

Systems Limited & Formpipe team to drive digitalisation for MEA banks

Read More

July 18, 2024

Auxilo Finserve raises $30m in equity round from LeapFrog Investments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024