Oxyzo Revenue Hits ₹1,494 Cr as India’s Fintech Lending Sector Sees Strong Growth

Oxyzo (the digital lending arm of OfBusiness) has been showing tremendous growth in SME Lending since its inception as a FinTech lender. Oxyzo has grown its revenue from ₹903 crore in FY24 to an estimated ₹1,494 crore in FY26, and has posted a PAT of ₹291 crore for FY24 and estimated a PAT of ₹375 crore for FY26.

The significant financial success of Oxyzo reflects the continued and growing demand among SMEs for financing solutions across India, especially in the areas of manufacturing, supply chain management, and industrial segments of the economy.

The growth of Oxyzo has come on the heels of the continued expansion of FinTech lenders as key contributors to closing the funding gap for small-medium size enterprises (SMEs) (small-medium size businesses), which has occurred in conjunction with substantial gains in macroeconomic prices (i.e., commodity-driven price changes), increasing regulatory scrutiny imposed by regulators on financial services providers, and more competition in retail lending.

Based on available financial data, Oxyzo’s revenue growth from ₹903 crore in FY24 to an estimated ₹1,494 crore in FY26 confirms this company’s upward trajectory, notwithstanding potential adverse business conditions. The company’s continued success confirming this accelerating demand for financing among SMEs may result in additional capital being contributed to the SME lending marketplace through Oxyzo’s continued strong performance and related services being developed through FinTech partners.

Why does Performance Matter for Oxyzo

Oxyzo’s sustainable growth model makes it different from many Fintech startups that continue to burn capital to grow their business. In the last month, Oxyzo has been able to consistently achieve profitability while continuing to expand operations. Now that investors are beginning to focus on sustainable growth and higher unit economics instead of aggressive expansion, Oxyzo’s performance and ability to demonstrate these capabilities are becoming increasingly important to the startup ecosystem in India.

Oxyzo’s business model benefits from:

• The continued formalization for small and medium enterprises (SMEs) in India.
• Continuously growing acceptance of digital credit platforms by customers and the market.
• Increased demand for supply chain financing solutions.
• Faster disbursement of loans through digital lending channels.
• Expansion of manufacturing in India.

According to industry experts, India continues to have one of the largest credit gaps in the world, which remains largely unregulated, creating significant opportunities for financial technology-based nonbank financial companies (NBFCs) and companies offering digital lending.

Fintech Lending Market Continues to Grow in India

India is quickly becoming one of the fastest growing Fintech markets in the world, primarily due to:

• The rise of the Unified Payment Interfaces (UPIs) across the country.
• Wider availability of digital banking infrastructure.
• Increase in visibility of financial data from the Goods and Services Tax (GST).
• Growing use and market penetration of smartphones.
• Government initiated and backed digitization initiatives.

Within this ecosystem, SME lending is proving to be one of the fastest growing and most promising segments. Traditional banks continue to have challenges associated with their ability to quickly process and issue loans for funding smaller businesses; in contrast, Fintech lenders such as Oxyzo have demonstrated that they can use technology and alternative credit-scoring methods to provide businesses with faster access to credit.

Oxyzo is currently providing loans to thousands of SMEs and has also built a sizable loan portfolio across the SME segment.

Oxyzo’s Profitability Sets it Apart

One of the key factors that sets Oxyzo apart from other players in the digital lending marketplace is their profitability. There are many players in the digital lending marketplace that are still facing challenges with:

1. High acquisition costs
2. High levels of defaulting borrowers
3. Increased compliance costs to meet the needs of investors
4. Funding constraints

However, Oxyzo has been able to show that how they have progressed to become a profitable business by reporting a profit after tax (PAT) of ₹375 crore and demonstrating that they have been able to operate with strong operating discipline, while also achieving rapid growth in their overall revenue base.

Oxyzo’s close relationship with OfBusiness has helped the company build a vast network of business customers and supply chain partners. This relationship has contributed to building a strong lending ecosystem for the company.

Fintech Industry Is Attracting Investor Interest Again

The fintech industry in India has experienced a significant slowdown in the amount of investment capital that has been deployed to fintech companies over the last two years, driven primarily by a global economic climate of uncertainty. However, companies within the fintech sector that have demonstrated profitability are again attracting interest from investors.

Companies in various areas of the fintech space, including:

• B2B lending
• Embedded finance
• Small business credit (SME)
• Supply chain financing

Are now viewed by many investors as long-term opportunities for growth.

Oxyzo’s financial performance may enhance investor confidence in the Indian digital lending space as the company continues to grow its SME-focused lending operations.

What’s ahead for Oxyzo?

As India’s economy continues to expand, Oxyzo will continue to grow its lending book and seek out new opportunities for growth in areas such as structured finance, supply-chain credit and digital financial services.

With the potential for MSMEs to have an immense impact on the growth of India’s economy and its manufacturing base, fintech lenders such as Oxyzo will be key enablers for businesses in the next decade.

As competition increases in India’s fintech ecosystem, the ability to be profitable and manage risk will be the determining factors for successful long-term players versus those that are short-lived.

Conclusion

Oxyzo’s reported FY26 results demonstrate the growing strength of the fintech lending ecosystem in India. With revenue of ₹1,494 crore and profit of ₹375 crore, Oxyzo has established itself as one of the most financially successful fintechs in the country.

As businesses continue to demand more timely and convenient access to financing, fintechs focused on SMEs will continue to be critical to India’s next stage of economic expansion.