Paytm lending business grows 471% YoY to 5.5 million loan disbursals
Updated: 16 Jun 2022, 04:47 PM IST
TL;DR.The company said its lending business witnessed rapid growth, with 5.5 million loan disbursals during the two months ending May 2022 (y-o-y growth of 471%). It reported the average monthly transacting users on the Paytm Super App at 74.3 million for the two months ending May 2022, up 48% y-o-y.
JPMorgan, in its recent report, stated that it is bullish on the stock on the back of a reduction in adjusted EBITDA loss and better cost controls.