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Jio Financial Services Enhances JioFinance App with New Features

  • Jio Financial Services has expanded its JioFinance app with new offerings including loans on mutual funds, home loans, and loans against property.
  • The app, launched in beta mode in May, has been experienced by over 6 million users.
  • The company recently received in-principle approval from SEBI to establish a mutual fund business with BlackRock.
  • The JioFinance app now enables Indian travellers to make payments at select tourist attractions in Paris.
  • Despite a slight decline in net profit, the company's operating revenue rose to INR 418 Cr in Q1 FY25.

Source: Inc42

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3mo ago
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