Kissht, an IPO-bound Lending Tech Startup, Faces Financial Challenges

Kissht, a lending tech company, is planning to sell shares to the public through an IPO.

In the last financial year, its profits decreased, and its revenue fell.

While expenses decreased, borrowing costs significantly increased.

The company, which provides loans to individuals and small businesses, is also dealing with rising bad loans and negative cash flow.

Kissht's parent company and subsidiary also faced challenges, including regulatory scrutiny.

Despite these challenges, the company is moving forward with its IPO plans to raise funds.