Bengaluru-based fintech startup Jar has achieved cash flow positivity, marking a major milestone in its growth. The company, known for its micro-savings and investment platform, has expanded into lending services and online jewelry sales through its new segment, Nek.
Bengaluru-based fintech startup Jar, known for its micro-savings and investment platform, has announced that it is now cash flow positive. This milestone highlights the company’s steady growth and financial stability in India’s competitive fintech landscape.
Jar was founded in 2021 and is backed by prominent investors, including Tiger Global. Over the past year, the company has expanded rapidly, reporting a tenfold increase in its user base and transactions.
Diversifying into Lending and Jewelry
To enhance its offerings, Jar has introduced lending services and launched an online jewelry segment named Nek. This new division has already generated US$13 million in annual sales, contributing significantly to the company’s revenue streams.
With India’s digital payments and savings sector experiencing rapid expansion, Jar’s recent financial success positions it as a key player in the country’s evolving fintech ecosystem.
