BankBazaar's Financial Triumph: Surpassing Rs 250 Crore Milestone

Fintech firm BankBazaar.com announced a significant financial achievement, crossing the Rs 250 crore income mark and attaining operating profitability for the fiscal year 2024-25. The company's growth was driven by the success of its co-branded credit card business, bolstering its digital-first strategy and setting the stage for future expansions.

Fintech leader BankBazaar.com reported a remarkable milestone on Tuesday, declaring that its total income for the fiscal year 2024-25 surged past the Rs 250 crore mark, marking a profitable turn at the operating level.

With a previous fiscal topline of Rs 188 crore, the company concluded FY25 with audited operating revenue reaching Rs 254 crore and an Adjusted EBITDA Profit of Rs 4 crore. The co-branded credit card business emerged as a pivotal growth factor, witnessing a 35% increase in card issuance.

Fueled by a digital-first approach, recurring revenue rocketed by 62% to Rs 210 crore. CEO Adhil Shetty hailed FY25 as a defining phase, emphasizing the robust recurring revenue model and a 121% CAGR over two years. BankBazaar's Series D2 equity round, raising Rs 55 crore, supports its ambitions to expand partnerships with top private and small finance banks.

(With inputs from agencies.)