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Paisabazaar Reaches Annualized Rates of Rs. 12,000 Crore Loan Disbursal and Half Million Credit Cards Issued | ||
Gurgaon, Haryana, India
Digital marketplace for consumer credit and free credit score platform Paisabazaar announced today that it has reached an annualized loan disbursal rate of Rs. 12,000 crore along with an annualized rate of 0.5 million credit cards issued. In Q2 of FY 2022-23, Paisabazaar’s disbursals grew by 94% year on year.
Snapshot of Paisabazaar's Q2 performance
Paisabazaar’s stellar growth post the pandemic crisis has been driven by strong focus on digitization, sharp segmentation-led product and process innovations, along with its emerging credit strategy and co-created product initiatives.
Naveen Kukreja, Co-founder & CEO, Paisabazaar, says, “Our core focus has always been on providing the best offers to consumers across segments. Today, we are at a vantage point with a deep understanding of the demand and supply dynamics, enabling us to innovate and cover consumer need gaps across the credit spectrum. While we have scaled our business in the prime segment significantly, our emerging credit and co-created initiatives, primarily aimed towards inclusiveness, will be key for long-term growth.”
“Digitization and new innovative products that address market and inclusiveness gaps will define the next phase of growth for the lending industry. We are closely working with our partners and all stakeholders towards this common goal,” added Naveen Kukreja.
About Paisabazaar
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