Cred-owned Spenny eyes stock broking licence to rival Zerodha, Groww

Quick Summary:

Cred’s primary revenue driver remains its lending services.

At the end of FY24, Cred reported a threefold revenue increase over three years to Rs 2,500 crore.

On entering this segment, Cred will compete with Zerodha’s eight million users and Groww’s 12.3 million.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stock brokerage app Stock broker Spenny Stock brokerage spenny Groww Stock broking licence Cred Kunal Shah Zerodha Cred stock broking licence Cred spenny news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 14:12:43 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23600747

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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