Adani One, the super app of Adani Group, has started pilots with digital lending firms and nonbanking financial companies (NBFCs) to offer loans on its platform.  The app, housed under Adani Enterp...

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- Adani One, the super app of Adani Group, has started pilots with digital lending firms and non-banking financial companies (NBFCs) to offer loans on its platform.
- The app, housed under Adani Enterprise Limited’s digital arm, Adani Digital Labs, has partnered with KrazyBee Services, the NBFC arm of fintech firm KreditBee, to provide personal loans.
- Adani Digital will act as a lending service provider (LSP), with personal loans ranging from Rs 1,000 to Rs 5 lakh being extended from KrazyBee’s books.
- The company is also exploring mid-sized deals in the fintech space to enhance the app’s digital presence and expand its user base.
- More tie-ups with other NBFCs and fintech players are underway to offer a broader range of credit products to customers. 

 Source: Moneycontrol

Adani’s Super App Begins Digital Lending Pilots with Fintechs, NBFCs

Journalist

Adani’s Super App Begins Digital Lending Pilots with Fintechs, NBFCs- Grapevine

Welcome to Indian Startups's Private Community

How true is this? Can anyone who has inside info from Paytm confirm this?
Something similar happened when RBI imposed restrictions in Feb and there were news articles of JioFin acquisition of Paytm. It was later ruled out as rumours.

Article link as below:

https://m.economictimes.com/industry/banking/finance/adani-to-play-fintech-game-gautam-adani-in-talks-with-vijay-shekhar-sharma-to-acquire-stake-in-paytms-parent-co/amp_articleshow/110516753.cms

Adani - Paytm Talks?

Senior Manager

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disburse any new loans from our platform because the lender is unsure of the road ahead.

Personally, I can't afford to go through another layoff this year :')

Brace for impact people in lending biz!!!

Product Manager

- Flipkart has introduced a new payments app, super.money, to facilitate UPI payments and offer cashback, aiming to strengthen its position in the fintech sector.
- The app, launched in beta in June, has already processed 10 million transactions and achieved 1 million downloads, offering up to 5% cashback on merchant transactions.
- Super.money plans to introduce a credit on UPI feature, partnering with NPCI for a co-branded credit card, targeting borrowers from tier 2 and tier 3 cities.
- Prakash Sikaria, CEO of super.money, emphasized the focus on first-time borrowers who have never had an unsecured credit card, aiming to formalize credit for this group.

 Source: [Live Mint](https://www.livemint.com/companies/start-ups/flipkart-group-payments-app-super-money-phonepe-credit-on-upi-first-time-borrowers-11724238836382.html)

Flipkart Group Launches New Payments App, super.money, Targeting First-Time Borrowers

- India’s Open Network for Digital Commerce (ONDC) has grown to 12 million monthly transactions since its 2022 launch, now expanding into digital lending.
- ONDC introduced APIs for unsecured loans, promising six-minute transactions, a significant efficiency boost over traditional loans.
- Nine lending service providers and lenders, including EasyPay and Tata Digital, have joined the network, with more fintech players and banks to follow.
- The network uses government-backed services like Aadhaar for KYC and eSign for loan disbursement, aiming to limit bad debts.
- Future plans include GST invoice financing, purchase financing, and working capital lines, with insurance and investments also on the horizon. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/22/indias-open-commerce-network-expands-into-digital-lending/)

India’s Open Commerce Network Expands into Digital Lending

Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.

Being a cred user, I only use it to pay the bills. I really wonder if they have built any b2b business or alternative source of income beyond what's seen to the end user. What's the game plan for the cred? 

I also applaud the fact that cred hasn't laid off people having paid them better than most companies. I really wonder if the business is really that strong or the conviction is. Would you join cred if given a chance to work there?

Cred

I feel cred is doomed and just trying to increase its value. 
 And the end goal is to sell the cred to someone with higher value and make money.

Software Engineer

Do you guys agree with the list? Anymore candidates

Dead 11

Oyo was the only Indian startup who had defined a  India specific problem, had a solution and had money to scale. What went wrong? What a pity. 
  
 In comparison Airbnb made it big...

Project Manager

I wanted to share one of my latest discoveries ✨

Found about this App via linkedin. As of now, its a convinient way to create FD’s without creating bank account in a particular bank. They are offerring bunch of rewards to do this . How is it different than INDmoney, Cred and 10 other Apps ? Plus they ask for a bunch of other info, gmail access etc.

Stable Money is the new CRED ?

Remember the time when we were surrounded by 5-6 startups making waves every day? They were the talk of the town, with incredible growth, innovative offerings, massive hirings, and funding galore. We couldn't stop discussing their latest feats!

But lately, it feels like a different era, with a cloud of negativity casting a shadow. 

Dear Indian startup ecosystem, you have a history of miracles and game-changing moments. We believe in your potential to inspire, innovate, and motivate the youth. Let's bring back that magic and remind everyone why we're at the forefront of global innovation. 🇮🇳💡

It's time for something great, something remarkable. Let's reignite the spark and make headlines for all the right reasons!

Kuch machao yaar, it's getting boring :)

- Super.Money, backed by Flipkart, recently launched a co-branded credit card and plans to expand to six financial products targeting young professionals.
- Founder Prakash Sikaria revealed plans to seek external funding in December 2024 to solidify its position in India's competitive fintech sector.
- The platform has already launched UPI services, personal loans, and the superCard, with plans to introduce fixed deposits and credit lines via UPI soon.
- Super.Money aims to differentiate itself with a streamlined user interface, appealing to young, affluent users in India.
- Despite competition with PhonePe, Sikaria emphasized that Super.Money is a credit-first company, focusing on financial services. 

 Source: [Inc42](https://inc42.com/buzz/flipkarts-super-money-plans-to-raise-external-funds-to-launch-fds-credit-lines-via-upi/)

Flipkart's Super.Money Eyes External Funding, Plans to Launch FDs and Credit Lines via UPI

Heading back to the stone age

Consultant

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

Is Cred a business or just a long party? If they are a business then how do they make money? What do they stand for - currently it just looks like a hangout place for super privileged bros?

What is Cred’s business model?

Welcome to Fintech India's Private Community

We run a platform that works with SME'S , MSME's (can't disclose more on what kind, but like any transaction have buyers and sellers), have active 3 lakh users. 

The amount transacted is above 150+ crore every month.

We realised that these SME'S and the sellers have a lending cycle with the seller every 7-14 days. 

Got some queries for lending (Because these businesses run of cash flow), after in-depth research, we just realised the immense potential we have if we start lending to them (both the buyers & sellers - by lending + invoice discounting).

We already have all the data points since these users have been with us for a very long time.

What does the fintech community think, should we add the fintech-lending to our business? 

(P.s.:  Initial Projections show we start making 12-15 Crore net profit, after launch at 50% utilisation)

Fintech - Lending players -Share your expertise

https://m.economictimes.com/tech/technology/non-chinese-lending-apps-including-payus-lazypay-kissht-blocked-on-meitys-order/articleshow/97656552.cms

How safe is it to work in a fintech when RBI/govt goes on banning spree

Welcome to Business Roles's Private Community

What are the shortcomings of BNPL or bill credits as a business model in your experience?

Which companies have overcome these shortcomings and are making BNPL or bill credit work as a business?

I request you to please share rational points and don't just rant about BNPL in India.

BNPL or bill credit business models: how to make them work?

Software Developer

RBI guidelines regarding lending has started hitting hard on fintechs. Phonepe was about to pivot its business model to lending to turn profitable.

Welcome to Product Managers's Private Community

GoTo is going to launch a BNPL product with TikTok soon. As a PM what are some things that you would do for something like this to succeed?

To PMs: What do you think about BNPL?

How are startups competing in the same space on almost similar products and raising a lot lot of money on almost similar products 😮.

How to be better than competition if it's almost similar product that everyone is offering especially in FINTECH with plug and play APIs?

Opinions?

Adani’s Super App Begins Digital Lending Pilots with Fintechs, NBFCs

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