Digital lending platform InCred acquires personal loan marketplace Qbera
Mumbai-based digital lender InCred has announced it has acquired fintech platform Qbera from Ant Creditex Technologies Pvt Ltd for an undisclosed amount. According to media reports, the deal value has been pegged at $10-15 million.
According to a statement released by the company, through its acquisition of Qbera, InCred will look to augment its digital distribution strengths. Qbera said it will benefit from InCred’s personal loans expertise and provide full-stack loan origination capabilities in risk-sharing partnerships with other financial institutions, the statement added.As part of the transaction, Aditya Kumar, Founder and CEO, Qbera, has joined InCred to head its platform business as well as the InCred personal loan business.