With the introduction of “InCred Money,” InCred Capital intends to penetrate the retail wealth-tech market. InCred Money has begun operations after the business acquired Orowealth in an all-cash purchase, the company stated on Monday.
Through the acquisition, InCred Money will have assets under management (AuM) of more than 1,100 cralong with a strong technological foundation and a knowledgeable team.
InCred Money will have access to the whole range of product possibilities, according to the InCred Group. According to the company, InCred Money will also create a B2B2C offering by utilising technology to successfully integrate a large network of Independent Financial Advisors (IFA) across the nation, enabling them to access market-leading products and solutions for the advantage of their end customers.
This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.