CosmicTaco

Jio Financial Services Enhances JioFinance App with New Features

CosmicTaco · 2024-10-11T11:58:33.360020+05:30

- 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](https://inc42.com/buzz/jio-financial-services-expands-jiofinance-app-with-new-offerings/)

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