It provides digital services, such as opening savings accounts or applying for Aadhar cards online, in semi-urban and rural areas with low internet penetration.
- It offers a wide range of services, uncommon in the digital services industry. - It is a highly asset-light business.
- Revenue concentration. It is significantly dependent on PSU banks for revenue. They accounted for 60 per cent of FY23 revenue.
- It operates in a highly competitive environment and faces competition from various organised and unorganised players.
- Is the company's net debt-to-equity ratio less than one? Yes. It is net cash positive as of September 30, 2023.