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.
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.
Business model is: - Commissions from every credit card issued - Commissions from every travel purchase made from app...
After 8-9 months - Scapia fired 200 employees. One more startup inching closer to shutdown and failure. FinTech...
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 all credit cards do you use and what benefits you get from those ?
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 pene...
