Cred’s FY23 revenue more than triples, losses grow marginally

Fintech platform Cred’s total income for fiscal 2023 ended March 31 rose three-and-a-half times to Rs 1,484 crore from Rs 422 crore the previous year. In FY2021, the company had posted a total income of Rs 95 crore.

Its loss widened to Rs 1,347 crore from Rs 1,279 crore in FY22.