Consumer lending fintech firms, badly impacted during the pandemic, seem to be finding some stable ground. With most of the startups operating in this space diversifying into ancillary businesses, the widening revenue horizon has started to play out positively in their balance sheets as well.Peak XV-backed consumer lending app Freo (previously Moneytap) has reported cash profitability since last December. It posted gross revenue of Rs 350 crore in fiscal 2023. Pune-based Fibe (previously... Read this story
