Thread by @jshilanjanm

Did you know that in H1 FY23, @Paytm was 2/3rd of India’s entire fintech lending industry!? 🔥🔥🔥

Here is what every investor/analyst must know 👇

Credit reporting agency #Equifax recently released its report on the digital loans disbursed in the H1FY23 inn India.

⚡ Total amount disbursed (Rs 28.2k cr)
⚡ No. of loans disbursed (2.74 cr)
⚡ Avg ticket size (Rs 10.3k)

During the same time, for Paytm’s lending biz:
⚡ Total amount disbursed (Rs 12.9k cr)
⚡ No. of loans disbursed (1.77 cr)
⚡ Avg ticket size (Rs 7.3k)

Means, Paytm account for:
🙌 46% of loan amount disbursed
🙌 67% of loans disbursed

And that’s amazing.
To be fair, that’s insane 🚀🚀

Just 2 years ago, Paytm’s lending game was too small.
⚡ Smaller than Poonawalla Fincorp
⚡ Smaller than Paisabazaar

But, during these 2 years,
⚡ PaisaBazaar’s QoQ growth in loans disbursed never exceeded Paytm’s
⚡ Poonawalla Fincorp’s QoQ growth exceeded Paytm’s just twice

Outcome in loan value disbursed per quarter?
⚡ 2.4x growth for PaisaBazaar
⚡ 3.6x growth for Poonawalla
⚡ 14x growth for Paytm

FOURTEEN-FOLD GROWTH 🔥🔥🔥
That’s unbelievable outperformance!

In fact, the total loan value disbursed by Paytm during these 2 years stood at Rs 31k crore! That’s
🙌 1.93x of PaisaBazaar’s
🙌 1.75x of Poonawalla’s

This is despite the fact that in the initial 3 quarters of this period, Paytm disbursed a lower value of total loans than the other two juggernauts.

And if they are juggernauts, then Paytm is:
JUGGERNAUT-Pro-Max-Plus-Ultra 🚀🚀

🙌 It is this bench-breaking outperformance, that has gotten Paytm to an annual loan disbursal run-rate of Rs 48k crore!

🙌 That’s 35% higher than the loans disbursed in last 2 years. Say what!?

And given it has grown faster than all other players even after H1, it would surely account for an even larger share of the industry, than the 2/3rd size it accounted for in H1 FY23.

@Paytm @vijayshekhar 🚀🚀🚀

Note 👉

This analysis is part of what makes me so bullish on Paytm’s prospects. This is not a stock recommendation. But, my own analysis. My own thesis.

Thus, the reader must not consider it a piece of investment advice.

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