Home / Companies / Start Ups / PayU aims to provide full-stack financial services to its customers

PayU aims to provide full-stack financial services to its customers

So far, the company has disbursed about $300 million in credit and it now wants to add new products

loans, restructuring, recast, debt, moratorium, credit, lending, banks

Premium

With Covid taking the NBFC segment by surprise last year, many preferred to go slow in lending. PayU, too, adopted the same strategy.

Shivani Shinde Mumbai

4 min read Last Updated : Sep 01 2021 | 3:27 PM IST

PayU Finance, a digital lending player backed by Prosus, has seen its buy-now-pay-later (BNPL) segment double in a year and touch a consumer base of 3 million. The firm, which has seen its lending business touch 70 per cent of pre-Covid levels, is now aiming to provide full-stack financial services to its customers.

Prashanth Ranganathan, chief executive officer (CEO), PayU Finance, believes that in the next five years, the company will be able to create a loan book of $1.5 billion — combined between LazyPay and PaySense, making it one of the largest digital lenders in the country.

Topics : PayU financial services credit growth LazyPay

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in