{"id":861795,"date":"2024-10-01T08:28:48","date_gmt":"2024-10-01T02:58:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=861795"},"modified":"2024-10-01T08:44:51","modified_gmt":"2024-10-01T03:14:51","slug":"cred-reports-revenue-surge-cuts-losses","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/01\/cred-reports-revenue-surge-cuts-losses\/","title":{"rendered":"Cred reports revenue surge, cuts losses"},"content":{"rendered":"<p>Fintech unicorn Cred on Monday reported a 66% year-on-year jump in its revenue to Rs 2,473 crore for the previous fiscal, compared with Rs 1,484.6 crore in FY23, while reducing its operating losses by 41% to Rs 609 crore, from Rs 1,024 crore. <\/p>\n<p>Cred founder Kunal Shah attributed the improved performance to the growth in monetised members, a drop in user acquisition costs, deepening customer relationships and successful product launches.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech unicorn Cred on Monday reported a 66% year-on-year jump in its revenue to Rs 2,473 crore for the previous fiscal, compared with Rs 1,484.6 crore in FY23, while reducing its operating losses by 41% to Rs 609 crore, from Rs 1,024 crore. Cred founder Kunal Shah attributed the improved performance to the growth in monetised members, a drop in user acquisition costs, deepening customer relationships and successful product launches.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-861795","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/861795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=861795"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/861795\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=861795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=861795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=861795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}