Bottomline: Kunal Shah-controlled Newtap in the red as loan write-offs jump

Premium

Non-bank lender Newtap Finance Pvt Ltd, an associate company of fintech unicorn CRED and controlled by founder Kunal Shah, has slipped into the red owing to higher loan write-offs, VCCircle has gathered.   Newtap Finance, which offers personal loans to users pre-approved by CRED, reported a 59% drop in net profit for ......