InCred Group Buys Financial Advisory Firm Arrow Capital

SUMMARY

With this acquisition, InCred also looks to bolster its capabilities across wealth management, investment banking and asset management

Post acquisition, InCred Global Wealth that has offices in Dubai, Singapore and London will manage assets exceeding $ 2 Bn

Founded in 2016 by Rohit Nanani, Arrow Capital claims to offer financial and investment advisory services to ultra-high net worth individuals, families, trusts, and corporate entities

InCred Group has acquired Dubai-based financial and investment advisory firm Arrow Capital (DIFC) Limited to expand its operations in the Middle East and Africa regions.

However, the company did not disclose the financial terms of the deal.

With this acquisition, InCred also looks to bolster its capabilities across wealth management, investment banking and asset management, according to a statement.

“It (Arrow Capital) would be a wholly owned subsidiary for now and we would look to merge it with our existing franchise, subject to the relevant approvals,” Inc42 has learnt from the company’s spokesperson.

Post acquisition, InCred Global Wealth that has offices in Dubai, Singapore and London will manage assets exceeding $ 2 Bn, it added.

“The acquisition of Arrow Capital marks a significant milestone in InCred’s journey toward becoming a global leader in diversified financial services. Arrow’s deep understanding of the Middle Eastern and African markets, combined with its strong client relationships and broad service offerings, will significantly enhance our ability to serve the sophisticated needs of clients across various segments,” said InCred Group founder and CEO Bhupinder Singh.

Founded in 2016 by Rohit Nanani, Arrow Capital claims to offer financial and investment advisory services to ultra-high net worth individuals, families, trusts, and corporate entities.

The firm’s services include wealth management, investment advisory, corporate finance, and asset management. These offerings align with InCred’s vision of providing holistic financial solutions to its clients, the statement added.

“Joining forces with InCred presents an exciting opportunity to leverage our combined strengths and offer an even more robust suite of services to our clients,” said Nanani.

Founded in 2016 by Singh, InCred operates in the BFSI sector through three separate entities – lending vertical InCred Finance, wealth and asset management vertical InCred Capital, and retail bonds and alternative investments platform InCred Money.

The fintech unicorn InCred Financial Services posted almost a 162% jump in its consolidated net profit to INR 316.3 Cr in the financial year 2023-24 (FY24) from INR 120.9 Cr reported a year ago.

It is pertinent to note, InCred Financial Services has set its public listing plans into motion and reportedly plans to raise INR 4,000 Cr (about $470 Mn) to INR 5,000 Cr (about $590 Mn) via its initial public offering (IPO) late next year.