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Credgenics parent posts Rs 8.38 Cr profit in FY24

YourStory LogoYourStory2d ago

Credgenics parent posts Rs 8.38 Cr profit in FY24 - YourStory

Quick Summary:

Total revenue of Analog Legalhub, parent of Credgenics, climbed by 72.38% year-on-year to Rs 155.58 crore in FY24, up from Rs 90.25 crore in FY23, boosted by increasing adoption of digital debt collection and resolution tools across the financial sector.

Last year the software maker raised $50 million in a Series B funding round led by WestBridge Capital, Accel, Tanglin Venture Partners, Beams FinTech Fund , and other strategic investors at a valuation of $340 million.

Credgenics is a technology solutions provider focused on loan collections and debt recovery.


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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 06:21:50 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 271 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 23335540

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 2 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 20 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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