How Simpl, Lazypay fund their credit? Defaulters must be very high

Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days Also Dm if you can refer for sde jobs, thanks

they laid off around 30-40% of their strength.

Problem Statement: 6 of 10 MSME default in bank loan, If MSME is not able to pay to lender, surely vendors are affected too. (Reason: Bad business decisions leading to bankruptcy) Every year vendors lose 100s of 1000s of crores every year cumulatively Solution: This solves part problem not to the fullest Autopay E-mandate Context: UPI introduced E-Mandate, where you give authorization to the system to deduct the amount automatically every month on a selected date This system can be converted to SAAS or plugin in your Accounting management system to make sure you never miss a payment! Thoughts...

I'm building a platform like Paisa Bazar, where I will be selling credit cards (I have a online distribution network from where I'll be diverting users) On very cards landing page I want to list all offers for that particular card, From where can I get all these offers.

I have a cousin who works at a private equity firm earning 80,000 per month in Mumbai. As soon as he started earning, he believed he was a legit guy, but as he started investing, he started losing money, as the majority of his suggestions were flops, and he even got credit card debts to invest in stocks and spent 2L repaying his loans and just faced a layoff, ending up laid off. Literally, he has zero savings and a bank account, and he has credit card bills due next week as he invested in bitcoin based on. Literally, advice. What can he do?

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?

Why do almost all apps offer 'buy now, pay later' facilities these days? What if the majority of people don't pay later?

Every month my salary gets credited I barely spend 20% of it the rest of it is just sitting around in my bank account it's already above 5L. I keep thinking of investing it in stocks/mf but it's a lot of work 😔 What do you guys do with your salary, it would be great if you can share your investment strategy and how do you keep yourself motivated to stick to it

This is new scheme which gives 9% intrest p2p lending. Is this safe? Any views on this

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?