Cred revenue grows 16% to Rs 2,735 crore in FY25; operating losses halve to Rs 298 crore

Bengaluru-based fintech unicorn Cred reported consolidated operating revenue of Rs 2,735 crore in FY25, a 16 per cent increase from the previous year, while its operating losses declined 51 per cent to Rs 298 crore, according to a company statement released on January 30.

Total losses for the year narrowed 11.5 per cent year-on-year to Rs 1,457 crore. Gross margins stood at around 70 per cent in FY25, reflecting improved operating leverage as the company scaled its product offerings and monetisation efforts

During the year, Cred's monthly transacting users rose 14.5 per cent to 1.26 crore, while transaction frequency increased 34 percent to 14.4 transactions per user per month. Total payment value processed on the platform grew 23 percent year-on-year to Rs 8.5 lakh crore.

The company said deeper adoption of multiple products contributed to stronger monetisation.