Back

Anonymous

Anonymous

Hey I am on Medial • 10m

“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

7 replies8 likes
Replies (7)

More like this

Recommendations from Medial

Image Description
Image Description

Shrinivas Bhalerao

Founder @KraftBags.s... • 11m

How do Instan loan provider company/app recover their losses they have got from loan defaulters, and how they recover the money form the person who don't pay back the loan.(Does someone have suggestion to how to recover the loan)

7 replies11 likes
1

gray man

I'm just a normal gu... • 1m

Union Minister Ashwini Vaishnaw has laid the foundation stone for Amara Raja’s manufacturing units at the Electronics Manufacturing Cluster (EMC) in Divitipally, Mahabubnagar, Telangana. Amara Raja is investing ₹9,500 crore over five years to estab

See More
0 replies8 likes
Image Description

Medina Jalal

Digital Space Brandi... • 13d

Sales is often undervalued as a profession globally, primarily because it is rarely treated as a specialized, strategic role. Many startups fail to recognize the importance of having dedicated sales person and assume that anyone can simply pick up a

See More
2 replies8 likes
Image Description

SYED NABEEL

Home Loan Advisor • 3m

Hi! i have recently joined a Home Loan company as an Regional Sales Manager. I am looking for someone who can help me grow my business, and who can partner with me. We are tied up with 90+ Banks and NBFC's. We are offering best payouts in the Market.

1 replies1 like
1

sandeep kulkarni

Hey I am on Medial • 8m

Why any kind of business needs a Sales Consultant? Here are the reasons : • When Business doesn’t follow the Sales framework or Pipeline for their professional growth. •When Business doesn’t have a Sales operational Knowledge. •When

See More
0 replies3 likes
Image Description

Puneet Sengar

Director • 4m

"Looking for a loan? We offer quick, flexible, and affordable loan solutions tailored to your needs. Apply now and get the funds you need today!"

1 replies2 likes
1
Image Description

Paramita Mukharjee

Hey I am on Medial • 4m

I am a proprietor of PARO SOAP UDYOG INDUSTRIES. NEED FINANCIALS SUPPORT AS A LOAN.

1 replies3 likes
Image Description

mg

News & updates • 1m

"Indians spend more than 33% of their income on loan EMIs, According to a study"

1 replies9 likes
1
Image Description
Image Description

Shrinivas Bhalerao

Founder @KraftBags.s... • 11m

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

See More
6 replies12 likes
1
Image Description
Image Description

Ankit Dubey

Web Developer || Vi... • 1y

School & UG College Fee: Parents believe it's their responsibility and pay for it. PG College Fee: Students should pay. many others took loans & Paid. I think there should be an understanding between Parents and their Children beyond a certain poi

See More
5 replies7 likes

Download the medial app to read full posts, comements and news.