Paytm disbursed 3.4 million loans worth INR 3,056 cr in October 2022
Paytm made 3.4 million loans worth INR 3,056 million ($407 million) in October 2022, the fintech giant’s regulatory filings on the Bombay Stock Exchange (BSE) showed.
The performance update comes on the back of the fintech major reporting its quarterly results for the quarter ended September 30, 2022.
According to regulatory filings, the fintech major saw a 2.6x increase in loan disbursements (year-over-year), from 1.3 million in October 2021 to 3.6 million in October 2022. The value of loans disbursed increased by 4.8X year-over-year, from 627 INR in October 2021 to INR 3,056 in October 2022.
The listed fintech startup has now disbursed 27.6M+ loans worth over INR 19,476 crore so far in 2022 as per Inc42 data.
Month-on-month, the number of disbursed loans increased by almost 10%, while the value of disbursed loans increased by less than 3%.