Flipkart's Super.Money Eyes External Funding, Plans to Launch FDs and Credit Lines via UPI

• Super.Money, backed by Flipkart, recently launched a co-branded credit card and plans to expand to six financial products targeting young professionals.
• Founder Prakash Sikaria revealed plans to seek external funding in December 2024 to solidify its position in India's competitive fintech sector.
• The platform has already launched UPI services, personal loans, and the superCard, with plans to introduce fixed deposits and credit lines via UPI soon.
• Super.Money aims to differentiate itself with a streamlined user interface, appealing to young, affluent users in India.
• Despite competition with PhonePe, Sikaria emphasized that Super.Money is a credit-first company, focusing on financial services.

Source: Inc42