Fintech News
BillDesk reports decline in FY24 revenue, profits
BillDesk posted a 14.8% drop in profit to Rs 121 crore in FY24, from Rs 142 crore in FY23.
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#Fy24
Explore the latest news, in-depth reports, and executive analysis tagged with #Fy24.
Fintech News
Indifi posts revenue jump in FY24; profit declines
Indifi’s cost of bad debt written off surged two times to Rs 45 crore in FY24.
Fintech News
M2P Fintech sees decline in operating revenue, export income in FY24
The company witnessed a significant fall in its export income from Rs 19.3 crore reported in FY23 to Rs 4.6 crore in FY24.
Explainer
BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls
The NBFC had reported Rs 232 crore in operating revenue in its 2023 financial statement, but its FY24 filings now show revenue of Rs 109 crore for the same period.
Fintech News
Wealth management startup Dezerv posts 95% jump in losses in FY24
The company reported Rs 1,009 crore in revenue for FY23. However, when it filed its FY24 financials, the FY23 numbers were reflected as Rs 10.22 crore only.
Fintech News
Fintech startup Jupiter sees 5x revenue jump in FY24
The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.
Fintech News
Yubi (CredAvenue) sees 48% jump in FY24 revenues; loss narrows
The company's losses for the fiscal were Rs 395.8 crore from Rs 509.83 crore in FY23.
Fintech News
Cashfree reports Rs 135 crore in losses in FY24
The Bengaluru-based payments firm faced a year long ban on new merchant onboarding.
Fintech News
Razorpay reports 5x growth in net profit in FY24
The company posted profit after tax of Rs 34 crore in FY24 as compared to Rs 7 crore in FY23.
Fintech News
Amazon Pay reports flat revenue growth, cuts losses in FY24
The e-commerce giant’s fintech arm reported a slight jump in its revenue from operations to Rs 2,287 crore in FY24 from Rs 2,093 crore in FY23.
Fintech News
Acko posts Rs 2106 cr in revenues; Rs 670 cr in losses in FY24
Acko reduced its losses by 9.3% to Rs 670 crore in FY24, down from Rs Rs 738.5 crore the year before.