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.
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 ...
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😅
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"
It helps them achieve a lot. They can take deposits, extend loans, issue cards without needing a partner and maybe st...
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...
