Olyv Projects 40% Revenue Surge by FY25 on User Growth & New Products

Fintech firm Olyv anticipates a 40% increase in its FY25 revenue to Rs 350 crore, driven by user base expansion, larger ticket loans, and portfolio expansion. The company reported a 76% year-on-year revenue growth to Rs 250 crore in FY24. Olyv aims for USD 1 billion in assets under management in three years.

Fintech firm Olyv expects its FY25 revenue to grow by 40% to Rs 350 crore, citing an increase in user base, larger ticket loans, and portfolio expansion, as per a top company official on Monday.

The company has more than doubled its revenue to around Rs 250 crore in FY24 on a year-on-year basis.

'Olyv has demonstrated exceptional growth, with current revenue rising to Rs 250 crore, up from Rs 116 crore last year, marking a 76% increase in business volumes. For FY25, we project our revenue will be around Rs 350 crore,' said Olyv Co-Founder and CEO, Rohit Garg, in a statement to PTI.

Olyv's monthly active user base grew by 80% year-on-year to 26 lakh. The company collaborates with RBI-registered non-banking financial companies to offer loans for self-employed and salaried individuals.

'We are optimistic about fortifying our digital financial platform to support customers across their financial journeys, unlocking new segments, and enhancing our presence in tier-2 and beyond cities. Our goal is to reach USD 1 billion (around Rs 8,200 crore) in assets under management in the next three years,' added Garg.

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