Following a more than two-fold growth in FY24, the British International Investment (BII)-backed fintech platform WeRize sustained strong scale in the fiscal year ended March 2025. At the same time, the net profits for the Bengaluru-based firm doubled.
WeRize’s revenue from operations surged 64% to Rs 236 crore in FY25 from Rs 144 crore in FY24, its consolidated financial statements sourced from the Registrar of Companies shows.
Founded by Vishal Chopra and Himanshu Gupta, WeRize offers mortgages, unsecured credit, insurance, and savings products to over 300 million individuals across 5,000+ small cities.
Its “Social Shopify of Finance” model enables 10,000+ freelancers across 2,500+ cities to distribute financial products within their networks, eliminating the need for a field force or branches. The company provides loans and group insurance via its NBFC arm (Wortgage Finance) and partners such as Vivitri Capital and InCred.
Revenue from interest on loans accounted for 46% of the total operating revenue. It earned Rs 109 crore from interest, while the loan processing fee brought Rs 39 crore in FY25. The company also booked Rs 74 crore from the sale of services.
The rest of the revenue earned through other operating sources, such as interest on FDs, bad debts recovery. WeRize also made Rs 4 crore from non-operating activities and took its total income to Rs 240 crore in FY25.
For the lending startup, employee benefit expenses remained the largest cost component, accounting for 29% of total expenditure and rose 50% to Rs 66 crore in FY25. This was followed by performance payouts to its network of financial consultant freelancers, which grew 93% year-on-year to Rs 54 crore in the last fiscal year.
The company’s finance cost also surged 2.5X to Rs 25 crore in the previous fiscal, while legal and professional fees stood at Rs 30 crore. Other overheads, including subscription fees, advertisement, and travel expenses, added Rs 52 crore, which pushed total costs by 61% to Rs 227 crore from Rs 141 crore in FY24.
As both expenses and revenue grew at a similar pace, with revenue slightly outpacing, the firm doubled its profit to Rs 10 crore in FY25 from Rs 5 crore in FY24. The company’s ROCE and EBITDA margin improved to 13.08% and 18.64%, respectively.
On a unit level, WeRize spent Rs 0.96 to earn a single rupee of operating revenue in FY25. As of March 2025, it had current assets of Rs 267 crore along with cash and bank balance of Rs 87 crore.
WeRize has secured around $25.75 million in equity funding from investors such as British International Investment, Sony Japan, 3one4 Capital, and Picus Capital, at a current valuation of $115.5 million.
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