Bengaluru-based fintech startup WeRize, backed by British International Investment, reported a remarkable financial performance in the recent fiscal year. The company’s revenue reached Rs 236 crore, a 64% increase from the previous year. WeRize, founded by Vishal Chopra and Himanshu Gupta, offers a range of financial products, including mortgages, unsecured credit, insurance, and savings options, to a vast user base spanning over 300 million individuals in small cities.
Operating under the ‘Social Shopify of Finance’ model, WeRize leverages a network of over 10,000 freelancers in 2,500 cities to distribute financial services, eliminating the need for physical branches. Revenue from interest on loans, loan processing fees, and service sales contributed significantly to the company’s income.
Despite increased expenses in employee benefits and payouts to financial consultants, WeRize managed to double its profit to Rs 10 crore in FY25, showcasing a robust financial performance. The company’s prudent cost management strategies and revenue diversification have led to an improved ROCE of 13.08% and an EBITDA margin of 18.64%.
With a solid financial position and equity funding of around $25.75 million from prominent investors, WeRize is poised for further growth in the competitive fintech landscape.
Source: Entrackr : Latest Posts