eLender InCred acquires fintech platform Qbera

MUMBAI: Digital lender InCred has acquired fintech platform Qbera, at a time when companies in the space are gearing up for a year starved of capital and possible consolidation due to the Covid-19 pandemic. InCred and Qbera, both, declined to comment on the specifics of the acquisition, including the deal value, but sources pegged it at $10-15 million.

The acquisition 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, a top company executive told ET.

InCred, which is registered as a non-banking finance company (NBFC) with a licence from the RBI, has a loan-book size of about 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.


The platform business specialises in quick disbursement of sanctioned credit.