FPL Technologies Pvt, which operates the credit-card platform, reported a revenue of Rs 97.9 crore in FY22 against Rs 16.4 crore in FY21 (2020-21). The company’s net loss, however, widened to Rs 182.8 crore in FY22 from Rs 33.2 crore in FY21 (2020-21), thanks to a massive rise in its marketing expenses
The report showcases the results of a study conducted among nine million users on OneScore’s platform across the country.
Metros cities - Bangalore, Mumbai, Pune, Hyderabad, and Ahmedabad host the most credit aware women
This round brings FPL Technologies close to the $1 billion valuation which will make it a unicorn. The company said it continues to be in talks with investors for further funding.