Newtap Finance, a Technology-first Non-banking Financial Company, Has Been Upgraded to a Crisil A-rating for Its Borrowing

The upgrade is expected to improve the company's access to diversified, lower-cost funding from banks and capital markets. The rating agency cited Newtap's growing scale, disciplined underwriting practices, and strong portfolio performance as key drivers of the upgrade. Founded in September 2022, Newtap operates as a digitally native lender focused on creditworthy consumers, offering personal loans to salaried and self-employed individuals across 23 states and four union territories.

The company functions as an independent, regulated NBFC under RBI's Digital Lending Guidelines, partnering with fintech platform CRED, which holds a strategic 25.2 per cent stake. As of March 31, 2026, Newtap's managed loan portfolio stood at ₹4,582 crore, with on-book assets under management of ₹859 crore. The company reported a net worth of ₹225 crore and a capital adequacy ratio of 24.4 per cent, positioning it adequately for the next phase of expansion. The rating upgrade reflects disciplined growth and strong portfolio performance, enhancing funding access for expansion.