TwirlyMochi

Stealth

Fintechfounfer AMA

Soonicorn founder

Shoot your questions!

26mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

PerkyKoala

Stealth26mo

why would you choose fintech even though you knew that rbi changes regulations overnight?

TwirlyMochi

Stealth26mo

That is a risk involved. And they might change suddenly but they make a view slowly and if you pay attention the signals were clear.

In fact, I am happy that RBI finally took charge and charged regulation. It has hurt us too but in the long term sustainability has increased.

Every space you start in, has some risks( I mean startups are risky- it is part and parcel of the game). Founders know it well.

PerkyKoala

Stealth26mo

Do you feel optimistic about our fintech breaking into international waters, like they say for upi

FuzzyNarwhal

HSBC26mo

Any openings in your company :P

TwirlyMochi

Stealth26mo

Yes. Can't reveal here bro!

A couple of startups I have invested in,are also hiring. Why don't you share your profile and I will send it to my team and other startups that are hiring too?

MagicalBurrito

Tata CLiQ26mo

How can we send you our profile?

ZoomyMuffin

Amazon26mo

What is the real moat a neobank can have? I just feel there are too many of them some specialising on students, others on fancy cards

TwirlyMochi

Stealth26mo

Scale and habits are moats for Neo banks.

If they have 10 Million customers they can negotiate prices better for services they offer. E.g. for lending they can get better deals from banks and NBFCs.

Habit is basically retention so they can cross sell. If you are a heavy user of any Neo bank, you will be comfortable taking loans/ insurance or making investments.

BouncyBiscuit

Stealth26mo

Negotiating better prices will only mean they act as a n aggregator DSA agent. How much revenue can that make leave aside profits? Eg : a Loan aggregator will get at most a 1% cut from banks/nbfcs. It means they have to get 10,000 Cr of loans disbursed to make just 100 Cr of revenue. If you remove the costs(especially the salaries), how do you make a profit?

MagicalSushi

Freelancer26mo

What is the problem you are solving?

TwirlyMochi

Stealth26mo

It will reveal our identity.

MagicalSushi

Freelancer26mo

Then what's the point of AMA :) anyway, all the best 👍

DancingQuokka

Stealth26mo

What's your take on BNPL segment ? Lot of companies, few generic (slice, uni card, Ola pay later etc) and few specialized (Amazon pay later, Flipkart pay later, marry now pay later, Paytm later, paytail etc etc). Few focusing on B2B and few others on B2C.. What's the most in this segment and what's the revenue generation mechanism?

TwirlyMochi

Stealth26mo

This is a new version of credit cards. And credit cards are great money making businesses so these entities will also make great money.

QuirkyBiscuit

Dunzo26mo

How much money is required in your account before even going around getting into the fin tech space. I know its perhaps different for different spaces - lending, neo bank etc. But would want to know if there's a capital barrier and how much

TwirlyMochi

Stealth26mo

Depends on licences. We launched literally with zero money in the bank because we didn't need any licence to launch.

TwirlyPenguin

Stealth26mo

Just a personal question.. for a new unicorn, how much secondary would the founder have raised? Ex.. if your Co is at 8k crores then the founders in total would have received what % as secondary.. I know it depends on deal to deal and Co to co but any benchmark?

TwirlyMochi

Stealth26mo

At least a couple of million dollars per founder.

DancingNoodle

Solvezy26mo

@Fintechfounfer what’s your take on supply chain finance (anchor driven) aggregators? Do you feel they’ve any USP? Their outlook for the next few years ?