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Anonymous
Stealth • 7m
“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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