How Stashfin Achieved 4x Growth In Revenue In Three Years?

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India has traditionally been a less-credit market. True, there had been a frenzy during the Covid years and even post-Covid times, leading to credit card adoption and spending. But banks are now curbing new issuances due to rising delinquencies. September 2024 saw a 30% MoM decline per the RBI data, and the central bank continues to clang the cautionary bell against unsecured credit. In fact, credit growth is seeing a slowdown amid projections of lower economic growth (6.5–6.8%) in FY25. This could be a cause of concern as healthy credit…



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How Stashfin Achieved 4x Growth In Revenue In Three Years?


India has traditionally been a less-credit market. True, there had been a frenzy during the Covid years and even post-Covid times, leading to credit card adoption and spending. But banks are now curbing new issuances due to rising delinquencies. September 2024 saw a 30% MoM decline per the RBI data, and the central bank continues to clang the cautionary bell against unsecured credit. In fact, credit growth is seeing a slowdown amid projections of lower economic growth (6.5–6.8%) in FY25. This could be a cause of concern as healthy credit…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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