FINTECH PLAYER CRED has set foot on the market for vehicle management with the launch of CRED Garage. This new service provides CRED members with timely reminders for servicing and insurance payments as well as a handle to monitor maintenance records, expenses and access performance insights, all supported by a roundthe-clock concierge service. The CRED app also offers integration with Digilocker, giving easy access to insurance papers, driver's licenses, registrations, and other important documents. "From cards to cars CRED members can now manage, maintain and engage with all on the app," says Akshay Aedula of CRED.
Apart from financial services and payments, CRED has a store and travel vertical within the same app, aimed at a premium audience. But despite a 340% revenue jump in FY22 compared to FY21, the company posted a net loss of ₹1,279 crore, so this could offer the much needed pivot to expand.
Denne historien er fra October 02, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra October 02, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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