Business model is: - Commissions from every credit card issued - Commissions from every travel purchase made from app...
Startups X Credit Cards
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.
- 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.
Any Indian startups doing well currently ?
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 ...
What credit cards are you using ?
What all credit cards do you use and what benefits you get from those ?