InCred raises Rs 500 crore in debt funding

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The digital lending platform tol use the funds for onward lending in consumer, education and small business segments.
Digital lending platform InCred has raised Rs 500 crore in debt funding from various public sector banks and other financial institutions, the company said in a press release. It will use the debt line to expand its lending operations across segments like consumer, education and small business loans.

"InCred is strengthening its funding base to support its growth vision. The recently concluded debt issuance is an endorsement of our business model, risk and analytics philosophy and our prudent ALM policies," said Vivek Bansal, Group CFO,…
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