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Shivam Tiwari

Let’s Revault • 1y

The recent news of Karnataka CESS for gig workers has got me interested in this. How about a micro investing platform for gig workers. Where they invest as low as 50 rupees per week. We as a platform invest the pool of funds in a Multi strategy investment cycle keeping the principal safe for immediate withdrawal. This way they get returns on a very minimum investment and overtime this becomes their emergency insurance. We also offer micro loans from this pool back to the workers and the interest is cut from their weekly investment. Any opinions or takers for this idea?

4 Replies

Replies (4)

Anonymous 1

Hey I am on Medial • 1y

Yeah but if you don’t perform well, it has risks. Low income folks don’t take risks.

1 Reply

Surya

Product • 1y

The idea of a micro-investing platform for gig workers certainly has merit, but there are several business challenges to consider. First, attracting users might be difficult since many gig workers may be skeptical about investing, especially with their limited income. Second, managing risk is crucial; low-income individuals often have a low tolerance for risk, so the investment strategies need to be conservative to build trust. Additionally, regulatory compliance could pose challenges, as financial services for low-income individuals are often closely monitored. Lastly, ensuring liquidity for quick withdrawals while maintaining returns can be complex. Balancing these factors will be key to making the platform successful and sustainable.

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