Oxyzo Financial Services, the financial services arm of B2B industrial marketplace OfBusiness, has reported Rs 1,207 crore in operating revenues during FY25, a 33.7% increase from Rs 903 crore in FY24.

Oxyzo, which provides credit solutions and loans to small and medium enterprises (SMEs), earned Rs 1,141 crore from interest income, which is about 95% of the total revenue; whereas the remaining came from fees and commission.

On the expense side, finance cost was the largest expense for Oxyzo - reaching Rs 439 crore in FY25, according to consolidated financial statements sourced by Entrackr. Total expenses jumped to Rs 755 crore in FY25, compared to Rs 514 crore in FY24.

The Gurugram-based company posted a 16.5% growth in profits, which surged to Rs 339 crore in FY25 from Rs 291 crore in FY24.

The fintech unicorn raised approximately $200 million in 2022. Its parent OfBusiness is eyeing for a $1 billion IPO. Earlier this year, the company converted itself into a public company ahead of its IPO.