InCred Finance failed to acquire the gold-loan business of TruCap Finance for $39.8m.

Synopsis

InCred Finance, a tech-enabled non-banking financial company, failed to acquire the gold-loan business of TruCap Finance for $39.8m. On May 26, 2025, TruCap Finance announced via a stock exchange filing that InCred had officially terminated the binding term sheet.

Principals

target

Trucap (gold Loans Business)

bidder

Incred Finance

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Market Context

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Bidder Team (2)

hashikesh bhammar

Associate Partner at BDO

Accountant

bidder

Deals

£ 31 M

Total Value

bhupinder singh

Director and CEO at INCRED FINANCE

Manager

bidder

Deals

£ 308 M

Total Value

Vendor Team (1)

rohanjeet singh juneja

CEO at TRUCAP FINANCE LIMITED

Manager

vendor

Deal

£ 31 M

Total Value

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