M2P Fintech’s FY24 Loss Stagnant At INR 133 Cr

M2P Fintech posted a net loss of INR 133.5 Cr in FY24, an increase of 0.15% from INR 133.3 Cr in the previous fiscal year

However, its operating revenue slipped 13.3% to INR 382 Cr in FY24 from INR 440.7 Cr in FY23

Meanwhile, M2P’s total expenses declined 15.4% to INR 527.6 Cr in FY24 from INR 623.3 Cr in the previous year

After seeing a 3X year-on-year (YoY) jump in its net loss in the financial year ended March 2023 (FY23), B2B fintech startup M2P Fintech’s loss stayed flat in FY24. The startup posted a loss…