Heard that Scapia is going through some regulatory issues and had to stop user onboarding. Anyone here from Scapia?

Software Engineer

- One card is loss making, Raised funds this year.  
 - Fi has a credit card- Simplifi which is FD backed and AmpliFi which is based on your  
 - Slice acquired a bank (so they are the 1st fintech with a baning license) so can expect some interesting offerings  
  
 I find Niyo, Scapia so similar.  
  
 Uni has early salary which is their offering which honestly Fi & Jupiter also have in salary accounts (idk the eligibility criteria though)

Credit card cannot be issued by startup’s. They can partner with bank to issue it which makes it a bad deal for startup’s.

Tech Lead

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 quarter...

Welcome to Indian Startups's Private Community

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

Startups X Credit Cards- Grapevine

Looks like a big round. What’s their business model?

Software Developer

Heard from most people that there’s a lot of crunch. Wondering if anyone at their companies feels like their startup is growing despite the slowdown. 

Razorpay, CRED, and are seeing tighter regulations and downrounds. The food delivery companies have all gone through their down rounds and readjustment of expectations. Even SaaS most founders have a poor revenue/employee ratio and the india story is still yet to play out for the newer bets. 

Just yesterday Oslash announced it’s shutting down its app.

Any green shoots ☘️? And if there are maybe it’s a good thread for folks to try and hire.

Any Indian startups doing well currently ?

Product Manager

Fi has a limited set of products but I wonder how are they surviving? Are things good? I think they don't spend on marketing so much as other startups. But still I have never seen anyone using a Fi product as well😅

How is Fi surviving?

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

In the last 2-3 years have been witnessing a tremendous influx in the credit card (new gen) market with One Card, Uni, Slice to name a few. 

The credit card market is pretty synonymous to insurance market in India with single digit penetration levels and predominantly governed by metros and Tier-1 cities. 

Asking experts on how these new gen card players are planning to survive without any kind of innovation

What’s Pazcare now?

Product Owner

Welcome to Personal Finance's Private Community

What all credit cards do you use and what benefits you get from those ?

What credit cards are you using ?

I got mail that they are discontinuing sbm debit card 
Is that final nail on coffin?

Is slice closing?

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

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

Welcome to News Discussion's Private Community

HDFC, SBI, ICICI clearly the strongest. Startup credit companies usually work with Federal Bank, but they seem to be missing from this list, that's a bit weird? 

Can somebody from the fintech domain help me understand?

Credit card spends market share by bank. Why is there no Federal Bank here?

Operations Manager

Welcome to Office Gossip's Private Community

Which startups are in talks to raise funds?

Content Strategist

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!!!

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 :)

I want to refer my younger brother to Slice or PhonePe for Analytics role. He is from BITS Pilani, and working at Groww for past 1+year and very smart. He wants to join Slice or PhonePe only. Can someone share any opinions on learning, growth, culture etc for these 2 companies? Also any other fintech he should target?

How is analytics role at Slice vs PhonePe for 1yr exp?

Welcome to Software Engineers's Private Community

Hey I was put on pip in my current organisation, I am looking for a new job , but don't want to join another place where I am bound to fail. I will be some taking time in finding the next job, not in a hurry. Let me know which companies have a decent culture and also pays good.
TC: 32 lpa
YOE: 3

Startups X Credit Cards

Discover More

Indian Startups on

by Aaron Dean

Yubi

Looks like a big round. What’s their business model?

Indian Startups on

by Isaiah Lee

YC Backed Startup

Any Indian startups doing well currently ?

Indian Startups on

by Jordon Taye

Microsoft

How is Fi surviving?

Indian Startups on

by Kendall Vernon

LivSpace

Slice merges with North East Small Finance Bank

Indian Startups on

by Kendall Denver

Stealth

What’s Pazcare now?

Personal Finance on

by Jordon Lee

Stealth

What credit cards are you using ?

Indian Startups on

by Kendall Denver

Student

Is slice closing?

Indian Startups on

by Kendall Denver

Venture Capital

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

Indian Startups on

by Jordon Gabriel

Stealth

Dead 11

News Discussion on

by Anise Everett

Gojek

Credit card spends market share by bank. Why is there no Federal Bank here?

Office Gossip on

by Dezi Lee

Stealth

Which startups are in talks to raise funds?

News Discussion on

by Jordon Nadeen

Paytm

Brace for impact people in lending biz!!!

Indian Startups on

by Anise Hyrum

Others

Kuch machao yaar, it's getting boring :)

Indian Startups on

by Dezi Olive

Slice

How is analytics role at Slice vs PhonePe for 1yr exp?

Software Engineers on

by Kendall Lee

ANGEL ONE LIMITED

Best tech companies (culture and pay wise) in India to join as a backend engineer