Indian non-banking financial services company Incred Finance announced that it has landed 600 crore rupees ($86 million) in funding led by Dutch development bank FMO.
The funding round also received support from U.S. asset manager Moore Capital, private equity fund Elevar, and an existing investor, Alpha Capital.
With the new capital raise, Incred will boost its balance sheet lending, and also make more investments in technology initiatives to drive analytics and risk management capabilities.
The new financing brings Incred Finance's total equity raised to date to over $144 million.