Financial and Operational Performance FY 2025-26
- Total credit extended during the financial year: ₹357.61 crores
- New users onboarded during the year: 2.24 lakhs
- Customer retention rate: 91%
- Number of loans disbursed during the year: 18.9 lakhs
- Average ticket size per loan: approximately ₹1,850
Business Model and Operations
The company operates as an AI-powered technology-led NBFC with a proprietary digital lending platform. It focuses on serving the underserved and unserved segment of India's credit market, specifically young, first-time borrowers with little or no established credit history. The platform operates entirely digitally without branches, paperwork, or intermediaries, handling underwriting, disbursement, servicing, and collections as digital-native processes.
Strategic Initiatives and Future Plans
Chairman & Managing Director Mr. Jaijash Tatia announced plans to expand the platform through:
- Launch of second product "MyDayPayDay" for India's salaried workforce
- Development of other offerings through expansion and diversified partnerships
- Transformation into a multi-product ecosystem for customers
- Goal to make Kreon "The Loan App of India" supporting customers through different stages of their financial lives
The company emphasizes combining innovation with responsible underwriting, regulatory discipline, and commitment to financial inclusion.
Company History and Evolution
The company underwent a transformation with the next generation of management returning from UK education with technology-first approach. This collaboration resulted in the creation of StuCred, a digital micro-credit platform specifically for college students in India, launched towards the end of 2018. The platform demonstrated resilience through the COVID-19 pandemic and nationwide lockdown disruptions.