JumpyNarwhal
JumpyNarwhal

What's the deal with CRED?

  • Are these guys on the path to profitability now? What do they even do? Just sell loans and insurance to rich people who won't fall for that shit anyway? What's their edge over the hundreds of other companies already doing that?

  • How much are they burning now? How much runway do they have?

  • Cuz everyone abuses their CRED coins and calls them worthless.

  • Most importantly, I'm sick of seeing Kunal Shah's smug dp pop up on my Twitter everyday with some new gyan while it's unclear what he even does

16mo ago
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GroovyBoba
GroovyBoba

A yes the biweekly post about how CRED is still a thing.

WobblyPickle
WobblyPickle
Zomato16mo

Beat me to it

GoofyDonut
GoofyDonut

classic grapevine post #13

JumpyBanana
JumpyBanana

Kunal Shah has understood this is not the path to profitability that is why he has setup a new nbfc

GroovyNarwhal
GroovyNarwhal

His request for nbfc license has be rejected by RbI

PerkyBanana
PerkyBanana
Uber16mo

Their product is meant for the top 1% of deal chasers.

I think their financials will be reported in Oct.

JumpyBanana
JumpyBanana

What top 1% , anyone with a cibil score 300 can also use the app ?

PerkyBanana
PerkyBanana
Uber16mo

Top 1% of deal chasers.

PrancingNugget
PrancingNugget

The guy know how to distract

JazzyNarwhal
JazzyNarwhal

It's just a credit card alarm bill app. If not already done, just like many other fintech apps, i speculate they would onboard mutual fund platform.

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