Why do you think that in the last 2 years, the Number of Instant Loan Startups have skyrocketed, and also almost every company have started to provide loans?
Like what happened in this period that have helps these companies dicide whom to give loans
Because of the way they collect their loans back.
Instead of asking the debtors to pay in emis, they collect a fixed amount daily from their bank accounts. And Thus their NPA% is less than the NPA of big banks as well.
₹25 lakh crore in bad loans written off by banks since 2014. ₹2.5 lakh crore (10%) recovered.
Big corporates default → "Write-off"
Middle-class misses 3 EMIs → "CIBIL ruined, legal notice, house auction."
Your taxes fund their failures.
Your as
See More
0 replies9 likes
Chamarti Sreekar
Passionate about Pos... • 16d
InCred gave loans to people banks ignored.
That’s the power of niche fintech
0 replies22 likes
mg
News & updates • 3m
"Indians spend more than 33% of their income on loan EMIs,
According to a study"
So Ashneer Grover has finally launched ZeroPe!
It basically just provides pre-approved medical loans of up to Rs 5 lakh at their partner hospitals.
Considering that many other banks and startups are also offering pre-approved loans, do you think it
See More
6 replies13 likes
Havish Gupta
Figuring Out • 3m
This startup is challenging all the traditional banks!
So founded in 2014, UangTeman is Indonesia's instant loan startup founded by Aidil Zulkifli.
They offer 30 Days loans of up to $150.
What's interesting about it is that in Indonesia, two-third
I think there should be an option to use multiple Medial accounts on one device. Entrepreneurs don’t just build personal brands — they also manage accounts for their products, services, and companies!
Many of struggling Entrepreneurs don't have a so
See More
0 replies3 likes
Havish Gupta
Figuring Out • 3m
How Chime Became America’s Biggest Neobank!
So Back in 2012, Chris Britt and Ryan King realized that people were living paycheck to paycheck while banks were making billions from overdraft fees, monthly charges, and intrests.
Thus, they decided to
😂🤣 Spam: State bank of India calling through a private number informing me that press 9 else all my accounts from all the banks under my name will be closed 🤣😂
5 replies13 likes
Jayant Mundhra
•
Dexter Capital Advisors • 11m
Imagine a bank hiring 500 people, and laying off way more than that next year 📛📛
It’s very very uncommon. And yet here we are!
..
What has happened?
-> YES BANK has laid off about 500 people with a three-month severance pay, and more layoffs mi
WHAT ARE AI AGENTS ?
AI agents are software programs that use artificial intelligence to interact with their environment, collect data, and perform tasks. They can be programmed to achieve specific goals, and they can learn from their experiences.
