super.money's Revenue Triples to ₹292 Crore, but Losses Widen

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super.money, the UPI payments app backed by Flipkart, more than tripled its operating revenue in FY26 to ₹292.4 crore from ₹88.8 crore a year before. Its net loss grew 78.5% to ₹263.8 crore, up from ₹147.8 crore in FY25.

Total income, including other income of ₹90 lakh, was ₹293.3 crore. The company reported no tax expenses or exceptional items, which left a total comprehensive loss of ₹262.9 crore.

Loans drive the revenue

The loan marketplace contributes about 84.7% of revenue. The company has now also ventured into loan facilitation, connecting borrowers with banks and non-banking finance companies. Beyond lending, it also lets users book fixed deposits and works with banks on co-branded credit cards.

Payments remain the core business. super.money ranks fifth among UPI players, and in September 2026 it handled more than 40.51 crore UPI transactions worth over ₹19,613.3 crore.

Spending more than doubled

Total expenses climbed 130% to ₹557.1 crore from ₹241.8 crore.

Business promotion was the biggest cost. It rose 3.34 times to ₹341 crore. Employee costs increased 73.8% to ₹138.1 crore from ₹79.5 crore. Other operating expenses, which cover outside contracted services and communication charges, were up 177.2% at ₹47.9 crore against ₹17.3 crore. Finance costs went from ₹0.1 crore to ₹11.1 crore. Marketplace charges fell 64.2% to ₹15.6 crore from ₹43.5 crore.

Flipkart, which is owned by Walmart, launched super.money in 2024. The company is led by founder and CEO Prakash Sikaria, formerly a senior vice president at Flipkart, where he ran the ads business, Shopsy, Cleartrip and Yantra.

Source: Inc42