Digital banking platform Freo achieves profitability in FY24 with Rs 350 crore gross revenue.

Digital banking platform Freo reports profitability in FY24 with gross revenue of Rs 350 crore, achieving profitability for the last four months. The company's gross revenues increased 5x in five years. Freo's contribution margins rose from 16% in Q4 FY23 to over 40% in Q4 FY24, driven by product-led growth, pan-India expansion, new consumer value propositions, and cost control measures.

April 08, 2024
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