Would like to understand different licenses in running a fintech startup, based on what they do.
Licenses required for fintech startup like Phonepe, Navi, Zerodha, ANQ, Cred etc.,
Can you help you understand Name, nature of license & Utility, Startups having them etc.,
This helps people to understand the legal ecosystem, how to maneuver & which licence to focus on, opportunities etc.,
Thank you.
Feel free to mention the people who have worked with this. & Can arrange an AMA soon with a youtuber like Avey - Varun Mayya 🙌
Your best source to know more on these will be senior compliance officers from banks like ICICI, HDFC and AXIS. You can meet some of these via Linkedin and also follow SEBI, RBI Sites for any more checks .
SEBI has multiple license such as
Stock Broker License
Research Analyst License for giving stock suggestions blanket wise.
Registered Investment Adviser for specific stock suggestions to clients.
PhonePe -
Need PPI License for Wallet operation Need Payment Aggregator license for Payment Gateway Services. Lending - NBFC License Security - Most Important - PCI-DSS License. SOC License L3 Certification - ISO !!!
Navi - Need NBFC/SLA with banks and AMFI License - Association of mutual funds of India.
Zerodha - SEBI License .
CRED - BBPS License for operating Mobile and DTH Recharges.
For gift card biz on CRED - Tieups with card providers.