CosmicTaco

The 1% Club's Fintech Expansion Targets Massive Growth

CosmicTaco · 2025-02-24T10:33:31.537395+05:30

- The 1% Club is planning to broaden its offerings to include various fintech products such as fixed deposits, mutual fund baskets, bond investments, and crypto-based ETFs. - The startup, founded by Sharan Hegde and Raghav Gupta, aims to manage INR 20,000 Cr to INR 30,000 Cr in assets within the next two years. - Recently, the company launched 'Pillow Insurance' and is eyeing credit card advisory services. - The 1% Club has been profitable since its inception and plans to use AI to enhance efficiency and reduce production time. - Despite a recent workforce reduction, the company’s revenue is projected to reach approximately $10 Mn by FY25, with a 25% EBITDA margin. Source: [Inc42](https://inc42.com/buzz/the-1-club-eyes-expansion-into-fintech-targets-inr-30000-cr-aum-in-2-years/)

The 1% Club is planning to broaden its offerings to include various fintech products such as fixed deposits, mutual fund baskets, bond investments, and crypto-based ETFs.
The startup, founded by Sharan Hegde and Raghav Gupta, aims to manage INR 20,000 Cr to INR 30,000 Cr in assets within the next two years.
Recently, the company launched 'Pillow Insurance' and is eyeing credit card advisory services.
The 1% Club has been profitable since its inception and plans to use AI to enhance efficiency and reduce production time.
Despite a recent workforce reduction, the company’s revenue is projected to reach approximately $10 Mn by FY25, with a 25% EBITDA margin.

Source: Inc42