Super.Money, backed by Flipkart, recently launched a cobranded credit card and plans to expand to six financial products targeting young professionals.  Founder Prakash Sikaria revealed plans to se...

Welcome to News Discussion's Private Community

- 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

Journalist

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

- 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

Welcome to Ask Grapeviners's Private Community

Anyone using the new super.money app? What's the feedback? Do you think it will beat PhonePe in the future?

Views on Super.money app? What could be the idea of having two UPI apps under the same Walmart umbrella?

Project Manager

Welcome to Fintech India's Private Community

What is with all the buzz around these 2 new apps? Are they solving some new problem?

Pop UPI and Super.money

Product Manager

Welcome to Software Engineers's Private Community

Folks who are giving interviews these days, which companies are you interviewing for ?

Also what is the method of getting the interview ? Did recruiter reach out to you on LinkedIn, or you applied on a company portal and got the call or did you ask for a referral ?

Which companies are hiring

A few 100% remote jobs 
 Source - https://www.linkedin.com/in/tarun-khandagare 
  
 1. Quest Software - https://lnkd.in/gqaB5RTN 
 2. Upstart - https://lnkd.in/g3sXD8DZ 
 3. Celigo - https://lnkd.in/gKhSMxNY (US & India) 
 4. Cengage Group - https://lnkd.in/gGkT6jRZ 
 5. Docker, Inc - https://lnkd.in/gfX5-pQG 
 6. hims & hers - https://lnkd.in/gr_SdVdE 
 7. UserGems 💎 Interviews - https://lnkd.in/gXi3mNf6 
 8. Abnormal Security - https://lnkd.in/gn5M4VDF 
 9. Cash App - https://lnkd.in/gdp8yUm8 
 10. LogicGate - https://lnkd.in/gjgX27Bc 
 11. Faire - https://lnkd.in/gYRNr9VM 
 12. Renaissance Learning - https://lnkd.in/gesiM_Dw 
 13. Rec Room - https://lnkd.in/gErDuTNa 
 14. VGS (Very Good Security) - https://lnkd.in/g7Ajb77F 
 15. VAST Data - https://lnkd.in/gMUFt4y9 
 16. Sorcero - https://lnkd.in/gpmDTnH7 
 17. McGraw Hill - https://lnkd.in/g59pzFf4 
 18. Patreon - https://lnkd.in/gzQptMcQ (NY/San Francisco) 
 19. Beekeeper - https://lnkd.in/gxd7rs7Q (Senior PMM) 
 20. Upwork - https://lnkd.in/gt4HYmd6 
 21. DocuSign - https://lnkd.in/ggfUncZf 
 22. DealHub.io - https://lnkd.in/gyNED4yp 
 23. Census - https://lnkd.in/gAq7PGzc 
 24. Intrado - https://lnkd.in/gH3wuNWZ 
 25. Cloudflare - https://lnkd.in/g9JPXp2F 
 26. Funded.club - https://lnkd.in/gpH4FazA 
 27. Workiva - https://lnkd.in/g-FUYYdR 
 28. MissionWired - https://lnkd.in/gMA6AVdG 
 29. Workera - https://lnkd.in/g2YzZu-H 
 30. Jenius Bank - https://lnkd.in/gxGqHGkH

Software Engineer

Software Developer

Flipkart launches UPI Service

Program Manager

question: do we need another app do payments?

Flipkart enters the UPI race

Welcome to Personal Finance's Private Community

Flipkart just launched a super.money credit card offering 5% cashback on UPI Transactions. Has anyone been able to review it ?

5% Cashback Credit Card

Actuarial Associate

Welcome to Indian Startups's Private Community

Walmart owns majority share in both PhonePe and Flipkart, PhonePe is a separate entity from Flipkart, but why is Flipkart itself entering into UPI ecosystem when it is dominant in e-commerce and PhonePe is dominant in UPI and payments.

Why is Walmart letting both organisations go against one another by building Flipkart UPI seems weird and waste by burning money.

Is it hoping Flipkart UPI to get market share from Amazon Pay or something else is at play here ?

Why not pitch PhonePe inside Flipkart app heavily instead ?

Why Flipkart built UPI ?

- Flipkart aims to have around 100 dark stores operational by the launch of Flipkart Minutes, currently accessible to select users in certain pincodes.
- The move is part of Flipkart’s strategy to compete with Zepto, Blinkit, and Swiggy Instamart this festive season, focusing on fast delivery for non-grocery segments.
- Dark stores are being tested with employees at Flipkart’s Bengaluru headquarters, with plans to stabilize and scale up the service in specific areas.
- Flipkart’s quick commerce push is driven by revenue potential, with top platforms like Swiggy Instamart, Zepto, and Blinkit expected to surpass $1 Bn in revenue for FY24.
- This development follows Flipkart’s expansion into digital payments and fintech products, highlighting its strategy to adapt to the evolving digital commerce landscape. 

 Source: Economic Times

Flipkart Plans 100 Dark Stores Ahead of Big Billion Days Sale

What even is going to be the differentiator? 
  
 Zepto kills it at speed. Blinkit kills it at speed and depth of catalogue. 
  
 Hard to imagine where Flipkart can stand. Especially given Q Commerce can work in only Tier 1 and 2 where these brands have a heavy footing.  
  
 Flipkart does not even have a brand presence anymore in top 5 cities!

Growth Manager

How are Indian startups performing in credit cards? Haven’t heard much noise lately from any of them Uni, Slice, Scapia, Kiwi everyone seems to be cooling down at this point.
Last couple of quarters all were pushing a lot in marketing and onboarding.

Startups X Credit Cards

- 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

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 ?

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.

- Are these guys on the path to profitability now? What do they even do? Just sell loans and insurance to rich people who won't fall for that shit anyway? What's their edge over the hundreds of other companies already doing that?

- How much are they burning now? How much runway do they have?

- Cuz everyone abuses their CRED coins and calls them worthless.

- Most importantly, I'm sick of seeing Kunal Shah's smug dp pop up on my Twitter everyday with some new gyan while it's unclear what he even does

What's the deal with CRED?

Real Estate

Flipkart "prime" ??

💘

Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? 
The ones that have cracked product, GTM, model, or something else.

Name the best Indian startups :)

One for the believers: Which startups in India do you feel are going to make it really big? 🚀

Corporate Strategist

After making money from Phonepe, it seems FK has started a Phone Pe competitor as a separate company 😁. Heard Flipkart CEO had a huge fight with Phonepe CEO as well

Flipkart launches a Phonepe Competitor

Flipkart is trying to enter two different market segments at the same time: Quick Commerce and UPI. There are already proven players in the space and it isn't possible to enter these segments without loads of investment. I wonder what Flipkarts game plan is and how it is going to execute it

Has Flipkart received a blank cheque from Walmart?

https://www.reuters.com/business/retail-consumer/indias-flipkart-get-600-mln-walmart-under-new-fundraise-2023-12-21/


Flipsters in grapevine, where is this capital getting consumed? Is it all for new businesses (clear trip, grocery etc)?

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

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