Another teen focused fintech shutdown

• Fampay raised $38 million in 2021, targeting teens under 18, but struggled due to weak business fundamentals.
• The fintech firm faced a major setback when IDFC Bank ceased its payments partnership in February 2023, leading to a loss o...

• Tally, a nine-year-old fintech, has shut down after running out of cash, according to a LinkedIn post by founder and CEO Jason Brown.
• The company, which helped consumers manage and pay off credit card debt, was unable to secure the n...

Given the current funding winter and companies are now chasing profitability metrics, how is CRED’s future looking given they are more focused on experience and experience and there doesn’t seem to be a big monetisation play and more gim...

After securing $66.4 million across seven funding rounds.

koo Shuts down 🙂👏