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Gurgaon (Haryana) [India], February 22 (ANI/NewsVoir): Paisabazaar, India's leading marketplace for consumer credit and free credit score platform, announced that it became profitable in December 2022 (on adjusted EBITDA basis). Paisabazaar, part of PB Fintech Limited, has reached this milestone ahead of its guided timeline. The milestone has elevated Paisabazaar into a rare league of B2C Fintechs that has achieved large-scale, brand trust and profitability. Paisabazaar achieved profitability with an 87 per cent growth in its loan disbursals in the first 9 months of FY 23, taking its annualized disbursal run-rate to ~Rs 12,700 crore. In its credit cards business, Paisabazaar grew 277 per cent year-on-year (YTD), with issuance crossing 5 lakh credit cards on an annualized basis. Paisabazaar also continued to scale its credit awareness initiative as ~2 million consumers checked their free credit score for the first time on its platform in the 3rd quarter of FY 23. Till date, ~33 mill ....

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