• Fintech startup Olyv reported a net profit of Rs 25 crore in FY25, a significant increase from Rs 14 crore in FY24, marking its second consecutive year of profitability. This growth was supported by a 40% jump in revenue, reaching Rs 350 crore in FY25.
• Olyv's assets under management (AUM) rose to approximately Rs 1,000 crore as of June 30, up from Rs 700 crore the previous year, reflecting a compound annual growth rate of over 50% in its loan book over the past three years. The company's return on assets stood around 5% at the end of FY25.
• Founded in 2016, Olyv initially focused on small-ticket personal loans but has since expanded its offerings to include larger loans up to Rs 5 lakh and investments in digital gold. The company utilizes a credit underwriting engine that collects data from customers' smartphones to assess creditworthiness.
• Olyv plans to raise a new funding round to strengthen its balance sheet, technology, product development, and brand building, with the goal of achieving an AUM of $1 billion in the next two years. The company also intends to explore secured product offerings and significantly increase its monthly disbursements from the current Rs 300 crore.

Ajay Ramanathan

Fintech startup Olyv, which is backed by venture capital firms Lightrock and Unicorn India Ventures, has recorded a net profit for the second straight year in FY25, a senior company executive told VCCircle.

While the numbers are under audit, the Bengaluru-based company disclosed that its net profit in the financial year ......

VC-backed Olyv in black for second straight year, may raise fresh funding

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Fintech startup Olyv, which is backed by venture capital firms Lightrock and Unicorn India Ventures, has recorded a net profit for the second straight year...

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VC-backed Olyv in black for second straight year, may raise fresh funding

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