CRED reported a 16% increase in operating revenue for the year ended March 2025, as broader product adoption among affluent users helped the fintech firm improve monetisation and narrow losses.The Bengaluru-based company posted consolidated operating revenue of Rs 2,735 crore in FY2024–25, up from the previous year, according to a statement on Thursday. Gross margins stood at about 70%, while operating losses fell 51% to Rs 298 crore, reflecting tighter cost controls and improved operating leverage. Total losses declined 11.5% to Rs 1,457 crore.CRED said engagement on its platform increased during the year, with monthly transacting users rising 14.5% to 12.6 million. Transaction frequency climbed 34% to 14.4 transactions per user per month, while total payment value grew 23% year-on-year to Rs 8.5 lakh crore.The company continues to position itself as a platform for high-credit-quality consumers. More than half of all new credit cards issued in India go to CRED members, the company said, and about 60% of India’s multi-card holders are active on its platform. CRED also said it holds the leading market share in credit card bill payments.About 45% of active members used three or more products during the year, helping CRED generate an average revenue per user… Read MoreYourStory RSS Feed
