Business Model
How CRED Turned Credit Card Payments Into a ₹2,735 Crore Business
Learn how CRED makes money from payments, lending, insurance, merchant services and cross-selling financial products to its creditworthy user base.
CRED
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Articles
Explore business models, strategies, founder stories and the decisions that shaped interesting companies.
14 articles
Business Model
How Paytm Makes Money in 2026: Payments and Loans
See how Paytm makes money from merchant payments, Soundbox subscriptions and loan distribution, and how these businesses supported its FY26 profit.
Paytm
Business Model
How Does Navi Make Money From Digital Loans?
Navi combines a profitable lending engine with insurance, investments and a costly UPI expansion. Here is how the economics fit together.
Navi
Business Model
How Does Niyo Make Money From Travel Banking?
See how Niyo earns from travel banking, bookings and Premium, and why zero forex markup does not make every service free.
Niyo
Business Model
How Does M2P Fintech Make Money From Banking Infrastructure?
Explore how M2P makes money by selling core banking, cards and lending infrastructure to financial institutions, and what FY25 results reveal.
M2P Fintech
Business Model
How Does PhonePe Make Money From UPI, Merchants and Financial Services?
PhonePe leads UPI, but earns through merchant services, financial-product distribution and new platforms rather than free bank transfers.
PhonePe
Business Model
super.money Business Model: UPI, Cashback and Merchant Revenue
Learn how super.money uses cashback to attract UPI users and seeks revenue from checkout, partner cards, shopping and other financial products.
super.money
Business Model
How Does PB Fintech Make Money From Policybazaar and Paisabazaar?
Break down how PB Fintech earns from insurance, renewals and credit distribution, using Q1 FY27 premium, revenue, lending and growth figures.
PB Fintech
Business Model
How Does Jupiter Make Money From Digital Banking and Credit?
See how Jupiter connects bank accounts, cards, loans and investing, and which parts can generate income for the money app.
Jupiter
Business Model
How Does MobiKwik Make Money From Payments and Lending?
Learn how MobiKwik makes money from payments and lending services, using its Q1 FY27 segment revenue, contribution and profitability figures.
MobiKwik
Business Model
How Does Groww Make Money From Brokerage and Investments?
Groww earns through stock brokerage, margin funding, asset management and financial-product distribution while using low-cost investing to acquire customers.
Groww
Business Model
Pine Labs Business Model: POS, Payments and EMIs
How Pine Labs earns from merchant checkout, payment technology, instalments and issuing platforms, with its latest Q1 FY27 figures.
Pine Labs
Business Model
Razorpay Business Model: Payment Gateway and Business Tools
How Razorpay earns merchant fees for online checkout and payment tools while keeping processed payment value separate from revenue.
Razorpay
Business Model
Policybazaar Business Model: Insurance Sales and Renewals
Learn how Policybazaar earns from insurance distribution, renewals and customer service, and how premiums differ from revenue.
Policybazaar
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