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Aarihant Aaryan

Prev- Founder & CEO ... • 1y

Soundbox - why is it a great product but not a great business? Soundbox is not just a speaker, it's configured to note debit and credit payments, it has an integrated sim in the speaker that notes the notification and communicates it Soundbox is de

Praveena J

Stay Hungry, Stay Fo... • 11m

Bro do you think they are making these soundboxes for free or just a little amount in exchange for a subscription fees, absolutely not, they are investing that amount in exchange of the transaction data, which is a goldmine in today's world, which wi

Venkatesh HR

CA student and aspir... • 11m

Could you please tell me why you said transaction data is like goldmine?

1 replies

Replies (1)

Praveena J

Stay Hungry, Stay Fo... • 11m

By using that data,they can build a lending business by analyzing spending patterns, transaction frequency, and history to assess creditworthiness. They can create personalized lending offers, determine risk profiles, and tailor loan products to meet the needs of their users based on their transaction data. Additionally, they can use machine learning algorithms to predict repayment behavior and offer better terms to lower-risk customers.

0 replies1 like

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