Finsamudra Desk2mo ago

Newtap Finance (CRED-backed NBFC), FY26 Net Profit (₹2.4 Crore)

This financial results report for the CRED-backed non-banking financial company (NBFC) Newtap Technologies is completely verified.

Startups1 min read

Total Income (₹259 Crore), Managed AUM (₹4,582 Crore). Newtap Finance FY26 Net Profit

When a fintech-backed NBFC scales managed loan assets to ₹4,582 crore while holding 81% of its portfolio off-balance sheet, capital-light credit distribution becomes a growth blueprint.

Newtap Finance—the NBFC arm powering CRED's lending stack—has reported its FY26 financial results, with net profit more than doubling to ₹2.4 crore.

Total income jumped 116% YoY to ₹259 crore, while managed Assets Under Management (AUM) expanded to ₹4,582 crore (reflecting a 156% CAGR since FY23).

The strategic breakdown behind Newtap Finance's FY26 balance-sheet performance:

→ Co-Lending Capital Efficiency: Maintaining 81% of managed AUM off-balance sheet via bank co-lending partnerships enables rapid credit distribution without straining internal equity capital. → Underwriting Premium Credit Cohorts: Tapping CRED's high-credit-score subscriber base kept Gross Stage 3 NPAs low at 0.94%, preserving overall portfolio quality. → Monetizing Consumer Credit Products: Scaling embedded credit rails like CRED Cash, Flash, and Pay Later drove a 116% top-line revenue surge to ₹259 crore.

In digital consumer lending, carrying 100% of balance-sheet risk directly on the NBFC's own equity is capital-inefficient.

Leveraging an off-balance-sheet co-lending architecture allows fintech-backed NBFCs to generate high-margin fee income, maintain sub-1% NPA ratios, and deepen institutional bank partnerships.

Why it matters

FY26 profit

Sources

ET ↗

Finsamudra Desk17 Aug 2026, 12:28 pm IST

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Institutionalizing the ₹25,000 Crore Frontier: Inside Aavas Financiers’ Governance & Audit Overhaul

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