What’s the point of even telling this then 🙄

Well i will give u a hint, it's starts with name R.

Product Designer

Founder

Can't name as of now because Audit is going

What’s the point of this post? Razor Pay

Lawyer

Welcome to Indian Startups's Private Community

Startup where i am working got the NBFC lisence.

Startup where i am working got the NBFC lisence.- Grapevine

Welcome to Personal Finance's Private Community

So in sept 2022, i made the reverse switch that is 
Startup--->traditionally run nbfc.
The current co. Where I work is operational since 2017, profitable (~PAT of 30crs)
With 3 years and 10 months of work ex I'm currently reporting to the business head and I'm the only product manager/owner for their new business unit. Current hikes have matched the nbfc standards however the CTC still feels on the lower end. 

Looking for some advice on what the fintech/new age nbfc's have on offers.
Ps my current CTC post hike (within 7 months) of joining is 9.2LPA.
My background is non tech

Working at a traditional nbfc

Product Manager

- So after raising millions of dollars for "innovating in fintech", CRED has decided to get into the centuries old business of lending 

- The main company has burnt investor money mainly to build out distribution but no product. 

- Now when they decided to get into lending, Kunal Shah acquired an NBFC where he personally owns approx 80% stake and CRED owns 20% 

- Through this NBFC, CRED gives out their loans on BNPL products. Now Kunal Shah wants to slowly sell the rest of his stake to the main company CRED

- Except the NBFC is worthless without CRED's distribution. And CRED is worth a lot less without any product and Kunal Shah holds only 12% equity in the main cash-burning loss-making company after all those dilutions in funding rounds. 

- By making CRED acquire this NBFC at inflated valuations where he owns majority stake, he's gonna personally cash out once again while CRED will still have a long journey ahead of them. 

How are the CRED investors ok with this?

Do you guys know about CRED & Newtap Technologies (NBFC)?

Real Estate

Every Fintech nowadays is running to get a NBFC licence to provide service like loan & insurance isn't the market already getting cluttered & They are just focusing on increasing their loan book & with huge default isn't that gonna impact the whole ecosystem? Has RBI turned a blind eye just because these fintech now have NBFC licence

NBFC licence

Welcome to News Discussion's Private Community

- Jai Kisan has acquired an NBFC license through its strategic acquisition of Kushal Finnovation Capital Private Limited.
- The license will enable Jai Kisan to design and distribute more customized credit products to farmers and business customers.
- The firm plans to co-lend with leading financial institutions, including public sector banks in India.
- Founded in 2017, Jai Kisan offers credit for rural commerce transactions and partners with various stakeholders in the agriculture value chain.
- Jai Kisan has facilitated disbursals of over Rs 6,000 crore since inception, with Rs 3,000 crore in FY24 alone. 

 Source: [Entrackr](https://entrackr.com/2024/08/jai-kisan-acquires-majority-stake-in-kushal-finnovation-gets-nbfc-license/)

Jai Kisan Secures NBFC License to Expand Rural Credit Offerings

Journalist

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...

Software Engineer

Project Manager

- 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?

Why did this happen? Slice already owns an NBFC license. What does this help them achieve? 
 "to better serve their shared mission and reach more consumers who currently lack access to basic banking services"

Slice merges with North East Small Finance Bank

It helps them achieve a lot. They can take deposits, extend loans, issue cards without needing a partner and maybe start mutual funds and insurance businesses. Huge W for Slice.

Analyst

Hi folks, Noob here
I have surplus money laying around in bank and FDs. 

Total ~ 19L
Bank: 7L (extra didn't account for amount which I will hold in bank)
FDs: 12L( This could be an Emergency fund?)

1. What should be the ideal split in different categories in order to invest/grow/save this money?
2. If some of this needs to invest in equity so how to do that?  Like SIP or lumpsum but market are already very high....


🙏 Thanks in advance.

Investment Advice for Surplus Moony

Seems like the saving scheme needs saving.

Jar is pivoting to MSME loans

At Nexus(our startup), we're passionate about revolutionizing the way people invest in Stocks and crypto. But as any startup founder can attest, the path to success is often filled with obstacles.

Recently, we encountered a significant roadblock in our quest for funding. A potential investor turned us down, citing that hit us hard: we didn't have a fully functioning MVP.

Now, you might be wondering, what exactly our MVP was showing? Well it wasn't the flashy trading platform we dream of. Instead it considered a basic interface with stock prices displayed here and there. The cold reality is that users couldn't buy or sell any assets, nor could they access other advanced features. Why, you ask ?

The answer lies in the complex regulatory landscape of the financial industry. To facilitate the trading functionality, a platform must obtain a SEBI license. This license requires rigorous compliance with financial regulations, and crucially proof of "financial backing". 

Investors won't understand that we need a significant amount of funding to take off. Without it, we'd be swimming in the shallow waters.

Navigating the tough terrain of startup funding: the MVP dilemma

Welcome to Fintech India's Private Community

Licenses required for fintech startup like Phonepe, Navi, Zerodha, ANQ, Cred etc., 

Can you help you understand Name, nature of license & Utility, Startups having them etc., 

This helps people to understand the legal ecosystem, how to maneuver & which licence to focus on, opportunities etc.,

Thank you.

Would like to understand different licenses in running a fintech startup, based on what they do.

Welcome to Business Roles's Private Community

Hey All

I graduated in 2021 out of DU and parallely converted my internship with a preseries A fintech startup for a full-time role, pay was less that what I would've got in campus placements, but I prioritised steep learning curve or a 15k per month salary difference.

After spending 15 months reporting directly to the ceo in a 150 member team, I resigned. Initially the pace was enjoyable, later on it became toxic.

Moved to Bangalore and joined another start-up, didn't take a huge hike since I just wanted to start somewhere. After working here for 7 months, now I have much for focussed idea on what my strengths are and I'm working with experienced folks (avg 8+ years). I'm a 22 year old working in the founding team of pretty good product startup (funded by Kunal and bunch of other angels).

Currently I'm at 6LPA, and would reach a 12LPA in thr next 3-4 months subject to fundraise, what I would like an opinion on is if after completing an year and we don't raise a round, do I stay? Or do I go back home and prepare for Gmat or CAT, then do aan expensive MBA by taking a loan? Or do I find another startup asking for a 12LPA? or do I try for a established company role in program management or partnerships or something?

I don't have any family money or business to fall back on, but fortunately I didn't take a loan for my education yet, and my parents would be okay to give me another 2 more years to figure things out.

Would appreciate help from anyone who've been in a similar journey or just any piece of advice.

Thanks!

Started off career in startups

Program Manager

Hey there,

We're the team behind BiteLoan, and we're on a aim to transform the way you manage your loans.

We are building a product that can help you prepay loans easily. Please help us with our research and solve the problem.

For the initial stage we have build a interest saving calculator, Below is the link kindly check it out

 https://bit.ly/interest-saving-calculator

Enter your loan details and let us reveal how much earlier you can finish your loan and the whopping amount you save in interest!


Thanks for your support

Trying to Solve Per-Payment Terms on Loans

business/finance major, graduated in 2019, been working for 3yrs and 10 months, have doubled my salary since I started my career in 2019.
Exploring options- masters in India only as abroad is expensive and doesn't make any sense in today's market. 
Have seen the fintech space closely boom as a 20y.o fresh out of college, and since then I've worked across sme financing, education financing, b2b credit card payments and now again back to education financing for a traditional nbfc. 
My roles have varied from strategy and operations, to investor relations/nbfc treasury to product management (current role)
I wanted some advice/opinion from the community whether to continue on my career path or switch to masters- take a break of 18 months study from a great school and get back in the industry.
Also, if I explore the later one then apart from the isbs and IIMs of the world are there even good 1 year mba programs in india?

MBA for someone with a  non tech BG

Hi all,
I am an NIT graduate and worked for L&T construction for 2 years and now working as an Accounts Officer @ Govt of India. Current scenario and bright future of Indian economy inspires me to leave 9-5 job and do something in startup world, specially in Fintech or e-commerce. Share your views...

Startup where i am working got the NBFC lisence.

Discover More

Personal Finance on

by Jordon Lee

Capri Global Capital Limited

Working at a traditional nbfc

Indian Startups on

by Isaiah Carmden

Stealth

Do you guys know about CRED & Newtap Technologies (NBFC)?

Indian Startups on

by Kalan Lee

Seed Stage Startup

NBFC licence

News Discussion on

by Anise Carmden

Grapevine

Jai Kisan Secures NBFC License to Expand Rural Credit Offerings

Indian Startups on

by Jordon Gabriel

Stealth

Dead 11

Indian Startups on

by Coy Lee

Stealth

What's the deal with CRED?

Indian Startups on

by Kendall Vernon

LivSpace

Slice merges with North East Small Finance Bank

Personal Finance on

by Jordon Dean

US Based Startup

Investment Advice for Surplus Moony

Indian Startups on

by Dezi Carmden

Stealth

Jar is pivoting to MSME loans

Indian Startups on

by Blair Nadeen

Student

Navigating the tough terrain of startup funding: the MVP dilemma

Fintech India on

by Jordon Gabriel

Student

Would like to understand different licenses in running a fintech startup, based on what they do.

Business Roles on

by Anise Nadeen

Startup

Started off career in startups

Personal Finance on

by Matilda Dean

Stealth

Trying to Solve Per-Payment Terms on Loans

Indian Startups on

by Kendall Vernon

Capri Global Capital Limited

MBA for someone with a non tech BG

Indian Startups on

by Coy Carmden

Government

NIT Graduate, 2 yrs in L&T, now Accounts Officer @ GOI. Want to start a startup.