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Anonymous
Stealth • 6m
“Fibe, a nine-year-old Indian startup whose app allows users to quickly access loans for various needs, such as medical emergencies, education, and shopping, raised a $90 million Series E round co-led by Amara Partners, TR Capital and others.” Are these companies ethical, yes what they do is regulated but the way they handle data of their customers. For example I used to work in an Ed-tech, which’s name I’ll not disclose, who paid the sales team more commissions when you close the sale with a fibe loan. Which is literally convincing the parents that the loan is a better thing. And On the backend we get all their Credit Cards, their spending capacity etc. And I’m guilty for being a part of it too, as the general rule of thumb was to not let them pay at once, if possible. And for a “good” performance as a sales guy there you kinda have to get on board with these kinds of tricks. Its a shame that the company is funded by huge players like Kunal Shah, Ritesh Aggrarwal and VC firms
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Shrinivas Bhalerao
Stealth • 7m
There are many fraud instant loan companies ,but I want to build an trust worthy loan loan app with fully transparency with user about their interest rates, late fess charges there there are such people who has emergency and they actually need money
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