Digital lending platform InCred acquires fintech platform Qbera

Digital lender InCred acquired fintech platform Qbera at speculated price of $10-$15 million, this will help InCred increase its distribution reach while also leveraging on Qbera’s existing partnerships to co-originate loans and expand its portfolio of consumer loans

InCred, which is registered as a non-banking finance company (NBFC) with a licence from the Reserve Bank of India, has a loan-book size of about Rs 2,100 crore.

Qbera is a fintech platform that disburses loans to salaried individuals through various lending partnerships including with RBL Bank, IndusInd Bank and non-bank lender Fullerton.

45 views0 comments