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