Olyv, formerly known as SmartCoin, has posted a revenue of over Rs 250 crore and witnessed a 76% growth in business volumes in FY24.
Founded in 2017, the consumer-lending platform offers personal loans to salaried and self-employed individuals. It provides loans of up to Rs 5 lakh with tenures of up to 24 months and interest rate starting at 1.5% per month.
Marquee investors continue to show support towards Olyv’s vision and execution capabilities, having injected $25million in equity and $80 million in debt till date.
“Our journey to profitability represents a culmination of years of hard work, innovation, and dedication to our vision of making affordable and democratised financial products,” says Rohit Garg, co-founder and CEO, Olyv said.
“We are bullish on fortifying our digital financial platform-play to partner customers across their financial journeys, unlocking newer customer segments and further bolstering our presence in tier-2+ cities,” he added.
The company intends to hit an assets under management of $1 billion over the next three years.
