27 May 2022 , 03:17 PM
Spice money logged a growth of 80% in its service fee revenue to Rs341 crore in FY22 as against Rs190 crore during the previous financial year.
Spice Money has achieved a significant milestone of 1 million Adhikaris (nanopreneurs) during the current financial year, nearly double over the last year.
Spice Money’s strategy to provide a one-of-its-kind zero investment model continues to deliver robust results and growth for Adhikaris.
The company’s network marks its presence across rural India covering over 95% of rural pin codes, and 700+ districts, which altogether serves a base of over 100 million customers, through the Spice Money App and Web portal.
With a positive unit economics business model, Spice Money continues to be a profitable fintech with an EBITDA of Rs22 crore in FY22.
Spice Money strives to build India’s largest Adhikari network with the best last-mile connectivity, revolutionising the way Bharat banks through an Open Network Assisted Digital Distribution (ONADD) model.
Digispice was trading at Rs29.75, up by 30 paise or 1.02% against its previous close of Rs29.45 on NSE.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.