Alok Mittal’s Post

Coming off a tough FY25 with some key wins 1. While we faced the impact of an adverse credit cycle, benchmarking data indicates that our credit models and monitoring systems have outperformed the industry in a tough environment. We had seen this earlier during Covid as well. We will continue to invest behind these and explore ways of helping our partners with these capabilities so that MSME lending wins. 2. The industry faced liquidity challenges through the year. We thank our key partners for standing by us and supporting us. On our part, adopting a high level of transparency and maintaining headroom on liquidity and capital helped inspire confidence amongst lenders. 3. Our diversification into new products - supply chain finance and secured lending - is underway, and we look forward to serving our customers for a broader range of their credit requirements. I am pleased to report that we have turned back profitable as we speak. Every adverse cycle in this industry gives an opportunity to earn the right to play the next positive cycle :-) Through all of this, our core team stuck together. Resilience is a hallmark of successful businesses, and I feel grateful to have a team that can tide over any challenge with a smile. Sangram Singh Indifi Elevar Equity Accel Omidyar Network Flourish Ventures British International Investment CX Partners Finnfund ICICI Venture Pramod Bhasin Maninder Singh Juneja Sam Hodges Gaurav Dalmia