CRED Revenue Grows 3x In FY23 | How Does CRED Make Money? | Explained
Fintech firm CRED in its recent financials report revealed its revenue stands at Rs 1,400 crore from its operations in the financial year 2023. CRED’s revenue jumped by around 250 percent to Rs Rs 1400 crore vs Rs 393 crore in the previous fiscal year. The Bangalore-headquartered fintech unicorn experienced a slight increase in losses, totalling Rs 1,347 crore in FY23, marking a widening from Rs 1,280 crore in the previous fiscal year. Watch this video to know how CRED makes money and what are the factors determining its widening losses
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