India, March 13 -- Fintech unicorn Incred Finance has secured a debt of INR 258 Cr (around $30 Mn) from a clutch of investors, led by wealth and asset management firm Neo Group, in multiple tranches since January.

InCred Finance's board passed resolutions to issue a cumulative 25,800 non-convertible debentures having a face value of INR 1 Lakh each to raise the debt, its regulatory filings accessed by Inc42 showed.

Neo Group invested INR 50 Cr through its arms Neo Asset Management and Neo Markets Services in the company. InCred's wealth division InCred Wealth and investment banking arm InCred Capital also participated in the round, contributing INR 25 Cr each.

The remaining capital came from MAS Financial Services, CredAvenue Securitie...