Fintech unicorn Cred on Monday reported a 66% jump in revenue to Rs 2,473 crore for 2023-24 from Rs 1,484 crore in the ...

CRED saw a significant surge in revenue, reaching INR 1,484 Cr or roughly 250% higher than FY22. But, at the same time, CRED losses grew slightly (5%) from INR 1,280 Cr to INR 1,347 Cr in FY23.

Due to Cred’s purported involvement in unsecured lending and its dearth of strong financial safeguards, investors were at ...

Given that CRED continued to spend heavily on promotions in FY22 as well means we can expect the losses to continue. On the revenue front, the introduction of lending is likely to have boosted the ...

Kunal Shah-led Cred has seen its total loan book surpass Rs 19,000 crore, reinforcing its position as one of the largest ...