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