Latest news with #InCredGroup
Entrepreneur
7 hours ago
- Business
- Entrepreneur
Credit Access Redefiner
The Mumbai-based group comprises three distinct businesses: InCred Capital, an integrated institutional, wealth, and asset management platform; InCred Money, a digital investment platform catering to both B2C and B2B2C segments; and InCred Finance, its flagship lending arm. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. When Bhupinder Singh founded InCred Group in 2016, he faced the challenge of a fragmented financial services market, where accessibility, efficiency, and customer experience were often lacking. As a seasoned professional with a successful career at Deutsche Bank, Singh was determined to fill this gap with a solution that was tech-driven, customer-centric, and scalable. "The vision was clear: leverage cutting-edge technology to not only disrupt but also democratise financial services for underserved communities," shared Bhupinder Singh, Founder and Group CEO of InCred. InCred's journey began with a focus on lending, but under Singh's leadership, it swiftly evolved into a diversified financial services powerhouse, with multiple arms that address a wide range of customer needs. The Mumbai-based group comprises three distinct businesses: InCred Capital, an integrated institutional, wealth, and asset management platform; InCred Money, a digital investment platform catering to both B2C and B2B2C segments; and InCred Finance, its flagship lending arm. These platforms thrive on the backbone of a 150-strong in-house technology team that drives innovation and operational excellence. "Technology plays a pivotal role in InCred's operations. Machine learning models optimise customer conversion rates, risk management, and loan pricing, while Account Aggregator technology ensures seamless, secure data collection, eliminating manual uploads. This focus on tech-driven efficiency has elevated the customer experience while maintaining stringent data privacy standards," Singh stated. These models have allowed InCred to make faster, more accurate lending decisions, ultimately helping millions of underserved households gain access to credit. While disruptive innovation is often seen as the hallmark of success in the tech world, Singh's approach is more focused on continuous, incremental improvements. "InCred's products are benchmarked against competitors, with real-time performance insights fueling constant updates. The result is a financial services group that balances growth with social impact, always mindful of its responsibility to stakeholders and customers," he added. This strategy has borne fruit. InCred Finance claims to have now empowered over 5 million households with credit and is valued as a unicorn. "InCred Money has brought wealth creation to the masses, offering affordable investment products, while InCred Capital has earned the trust of corporate giants like Godrej and OYO. The success of these ventures is grounded in InCred's robust risk management practices, which allow us to achieve both growth and profitability," Singh stated. According to Singh, in FY 2024, InCred Finance achieved an impressive INR 420+ crore in profit before tax (PBT) with a pre-tax return on assets (RoA) of 5.7%. Meanwhile, InCred Capital experienced explosive growth, with PBT climbing from INR 10 crore in FY 2023 to an annualised INR 200+ crore in H1 FY 2025. The youngest arm, InCred Money, boasts a growing base of nearly 1 lakh transacting users. Looking ahead, InCred's ambitions are bold. Singh envisions achieving INR 5,000+ crore PBT in the next five years, with plans for InCred Finance's IPO and aggressive expansion across InCred Capital and InCred Money. "We're just getting started," said Bhupi. "With a talented team, robust strategy, and relentless focus, we are poised to set new benchmarks in financial services, innovation, and social impact." Facts:
Time of India
6 days ago
- Business
- Time of India
InCred Money enters into retail broking with Stocko acquisition
InCred Money , the retail wealth‑tech investment distribution arm of the InCred Group , has announced its entry into retail broking through the proposed acquisition of South Asian Stocks Limited (SASL), which operates as 'Stocko'. Stocko clocks a daily notional turnover of around Rs 1 lakh crore, making it one of the most active discount brokers in the country. Subject to regulatory approvals, Stocko will be rebranded as InCred Stocko and integrated into InCred Money, the group's digital-first wealth and investment platform, according to a press release. Also Read | Nifty stuck in narrow range. Here's the mutual fund move you need to make now This acquisition marks a significant milestone for InCred Group—one of India's most ambitious and fastest‑growing diversified financial services platforms—in expanding its presence in retail broking with offerings in equities and derivatives trading. The transaction underscores InCred Group's commitment to building a full‑stack financial ecosystem—spanning lending, asset and wealth management, capital markets, and retail investing—backed by robust technology and a relentless focus on customer experience. Live Events Stocko, launched in 2013, has become a trusted name for active traders and retail investors, offering trading across equities, derivatives, commodities, and currencies. With a sleek, intuitive interface and flat-rate pricing of just Rs 12.99 per order, it delivers exceptional value at scale. Stocko also offers a unique subscription plan for active traders where pricing can go as low as Rs 2.99 per order. 'India's investing ecosystem is evolving rapidly,' said Bhupinder Singh, Founder and Group CEO of InCred. 'Stocko gives us a proven platform with serious volume, and we'll bring our tech, capital, and customer-first mindset to unlock its full potential.' InCred Money, where Stocko will now reside, is the group's digital wealth-tech arm, offering alternative investments and FDs, to retail customers. With the addition of Stocko, InCred Money will now also offer equities and derivatives, rounding out a comprehensive investment suite for digital-first users. Also Read | Best aggressive hybrid mutual funds to invest in June 2025 'This is a massive leap forward for us. With InCred's backing, we'll scale faster, innovate harder, and roll out smarter products - from enhanced margin funding to sharper tech. Our goal is simple: to become one of India's top 20 brokers in the next two years, and top 10 brokers in 4-5 years,' said Shrey Jain, CEO of Stocko. The Stocko team will continue to run the business under the InCred banner, ensuring continuity and client-centricity through the transition.
Time of India
6 days ago
- Business
- Time of India
InCred Money set to acquire discount broker Stocko, marking entry into retail broking
InCred Money , the digital-first wealthtech platform of financial services firm InCred Group , said it is set to acquire discount broking platform Stocko, marking its entry into the retail broking space. It did not disclose the size of the transaction, but people aware of the development said it would be an all-cash deal for about Rs 300 crore. The acquisition is subject to regulatory approvals. If cleared, it will see Stocko—currently operated by South Asian Stocks Limited—rebranded as InCred Stocko and integrated into InCred Money, the Mumbai-based company said. 'India's investing ecosystem is evolving rapidly,' said Bhupinder Singh, founder and CEO of InCred. 'Stocko gives us a proven platform with serious volume, and we'll bring our tech, capital, and customer-first mindset to unlock its full potential.' New Delhi-based Stocko, founded in 2013 as SAS Online, offers trading across equities, derivatives, commodities and currencies. It charges a flat fee of Rs 12.99 per order and offers a subscription-based model for active traders where the per-order cost can drop to Rs 2.99. The platform claims to clock a daily notional turnover of around Rs 1 lakh crore. The acquisition will help InCred Money extend its suite to include equities and derivatives trading for retail users. Live Events Founded in 2016, InCred Group operates three verticals—InCred Finance (NBFC lending), InCred Capital (institutional and HNI wealth services), and InCred Money, which offers products like fixed deposits and alternative investments to retail investors. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The Stocko team, led by CEO Shrey Jain, will continue to operate the platform post-acquisition. 'With InCred's backing, we'll scale faster, innovate harder, and roll out smarter products—from enhanced margin funding to sharper tech,' said Jain. InCred Money's entry into retail broking also adds to the list of traditional financial institutions and fintechs looking to build full-stack platforms, blurring the lines between lending, wealth management and investing. Platforms such as Groww, which started with mutual fund investments and expanded into equities, derivatives and asset management, and Paytm Money, which evolved from payments into broking and investment advisory, exemplify this shift. In December 2023, InCred Finance closed its Series D funding round, raising $60 million from a group of high-net-worth individuals. The round propelled the company into the unicorn club with a valuation of around $1.04 billion In April, Bloomberg reported that InCred Financial Services is in talks with potential advisers for an initial public offering (IPO) to raise about $470 million as the Mumbai-based company, a partner of KKR & Co., is in discussions with some firms, including IIFL Securities , Kotak Mahindra Bank Ltd. and Nomura Holdings Inc. about working on an IPO.
