30/9/2024, 3:47:03 pm

Cred revenue rises 66% to Rs 2,473 crore in FY24, losses down by 41%

Fintech firm Cred has reported a 66 per cent rise in revenue during financial year (FY)24 to Rs 2,473 crore. The company has also reduced its operational losses by 41 per cent to Rs 609 crore. The Bengaluru-based firm had reported Rs 1,400 crore in revenue during FY23 and its losses stood at Rs 1,024 crore. Cred, founded by Kunal Shah, started as an invite-only app to pay credit card bills.