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?
If you are talking about lending space, demand is huge. No single company can or even want to cater to all customers
Yes agreed on the lending space that demand is huge ! But was talking about other fintechs not lending one because credit gap is definitely huge
Then which sectors or startups are you referring?
My limited understanding.
I am amazed by the third point that real word moat and on paper moat is different 😮👌
80% of Canadians own a credit card vs 3% in India
Most fintechs want to build lending capabilities before the credit demand in India explodes (in the next 3-5 years mostly, with the new RBI credit line thing ).
When this happens, they want to be ready to be able to handle the demand. Whoever does that best will prevail.
Full stack personal banking fintechs me bhi filhal 2-3 players hi hain. They're hoping this ends in a duolopy/monopoly.
The key factor eventually in any high-competition market will come down to branding.
So in short in next 3 to 5 years , trust and branding will own the fintech market which is right now full of similar offerings and competitions
VCs just gamble
Is this true or is it just me?
I feel at this point there are no moats in consumer fintech.
The framework seems to be in a rut, everybody is doing the same thing.
Account aggregator, spend insights, personal loans, credit card, mutua...
I might sound stupid here but please hear me out. The market is crowded with so many startups in every domain. Older startups are much more stable, on track to become profitable or are already profitable with a huge market share. Not to...
Silent layoffs. Heard it from friends at Leap. I know a few folks who have been let go as well.
Is working on your own startup while in MNC a moonlight case, will it lead to serious blow from your company. Wanted to know the opinion what happens when your manager finds out that you also run a startup.
What are the possibile things...
Folks, want to understand why there is so much chaos in fintech in indian startup ecosystem. I don't find one single company with well defined processes or SOP's
Companies claim to have tall valuations as big as established conglomerat...