Cash Suvidha Grew Four-Times in the Past Financial Year

Cash Suvidha, trade name of Usha Financial Services and a fast propelling fintech company has witnessed a 4-fold growth in terms of revenue in Financial Year 2017-18, in which company successfully disbursed loans worth Rs 122 crore. In Q4, the company has reported revenue of Rs 4.95 crores, up from Rs 1.26 crore a year earlier.

Commenting on the financial performance, Mr. Rajesh Gupta, Founder, Cash Suvidha, said, “We are glad to announce that at a time when players in the market are working on a burning model, Cash Suvidha has remained profitable since the first fiscal and in a span of just one year, the company has grown 4X. The current financial year is very crucial to the fintech industry. It is a year of transformation and consolidation in the country with new-age fintech companies creating a brave new world for businesses and individuals.”

The Assets under Management of the lending platform stood at Rs 60.30 crore as on 31^st March 2018. Of this, SME lending stood at Rs. 46.97 crore & Personal Loans at Rs. 13.33 crore. The company successfully disbursed loans to 37000+ borrowers in the Financial Year 2017-18 and aims to disburse loans worth Rs 400 crore to 50,000+ borrowers in the current financial year.