08 December 2023
Online lending startup KreditBee has recorded a profit of Rs 95 crore in the first half of this financial year, matching the full year profit of FY23, as disbursement remained strong with an increasing appetite for small-ticket loans among consumers. “What has changed is that over a period of time, the average ticket size and the tenure has increased. So, now my average tenure is somewhere around 9 months, compared to 3 months in 2020. Average ticket size has increased to Rs 21,000, which was Rs 7,000-8,000 just two years ago,” said co-founder and CFO Vivek Veda.
Online lending startup KreditBee has recorded a profit of Rs 95 crore in the first half of this financial year, matching the full year profit of FY23, as disbursement remained strong with an increasing appetite for small-ticket loans among consumers. “What has changed is that over a period of time, the average ticket size and the tenure has increased. So, now my average tenure is somewhere around 9 months, compared to 3 months in 2020. Average ticket size has increased to Rs 21,000, which was Rs 7,000-8,000 just two years ago,” said co-founder and CFO Vivek Veda.
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