FINTECH DIARY

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• ‘Funding winter is real and consolidation is nearby,’ says CEO of Copenhagen FinTech Association

  Although the region is very small with about 27 million people living in areas comprising Iceland, Norway, Finland, Denmark and Sweden. It has about 1500 fintech companies, out of which 12 to 15 are unicorns. He attributes these incredible numbers to the existence of digital infrastructure, which has also led to an increased public-private partnership along with changing innovation. Catch this exclusive conversation with ETBFSI's Amol Dethe.

  

• Pressure will be higher on fintech who have showcased higher value

  In this episode of Fintech Diary, Amol Dethe Editor ETBFSI speaks to Ashish Fafadia, Partner at Blume Ventures to dive deep into the investment firm and understand their thesis behind betting on a startup. So far, they have funded 150 startups and they always hope to be the first institutional investor on the cap table. Their investments are divided across international and domestic markets with 60% of the funds deployed in India.

  

• FinTechs can ask better price to banks if they own customers says Ring

  In the middle of a funding winter, we have a founder and CEO claiming that it has not been difficult for lending firms to raise funds as Private equity companies have ample dry powder available. What's the secret sauce behind this company disbursing 50 crore loans every day, partnering with 3,50,000 merchants and remaining profitable for the last 3 years? Amol Dethe, Editor at ETBFSI dissects the business and the path to profitability with Ranvir Singh, Founder and CEO at Ring

  

• Dedicatedly solving gender gap in finance but not exclusive to women

  Just as essential and inexpensive as salt is, Shinjini feels the same exists for women and their labor. Hence, salt is an apt metaphor for women and how essential their work is to our lives, but which is also very low-priced. In this episode of our pioneering show on fintech startups- Fintech Diary, we spoke with Shinjini Kumar, Co-Founder at mysalt app.

  

• Micro SMEs is huge market; Aye Finance aims to grow by 50% in the next 2 years.

  ​​Started in 2014, Aye Finance under the aegis of Sanjay Sharma has been able to disburse more than 5,00,000 crores of loans to an untapped micro-enterprise market of six crore units with an active 2,50,000 customer base. What’s the story behind these numbers? Which was once an unexplored lending space, why is the micro-enterprise market gaining momentum lately? ETBFSI’s Editor, Amol Dethe decodes answers to all these questions in the latest chapter of India’s pioneering show on the fintech ecosystem- Fintech Dairy.

  

• Focus not on acquiring customers from banks, NBFCs but from informal sector: Flexiloans’ Deepak Jain

  In this week’s Fintech Diary, FlexiLoans, an online lending platform, working to solve the funding problems of SMEs, highlights their vision of providing ‘Financial Access at a Click’. They also shared their 6 years of journey of disbursing thousands of crores of loans from a single office in Mumbai. Watch the latest episode of our exclusive weekly show where Deepak Jain, Co-Founder of Flexiloans shares his journey and roadmap with Amol Dethe, Editor, ETBFSI.

  

• Funding slowdown was necessary, will help FinTechs refocus on prime goal: Experts

  What caused the FinTech funding winter? What impact does the funding winter have on the FinTech sector? Is the end of this winter nearing? BFSI Experts discuss these and much more at ETBFSI FinTech Diary Live. Here's what they said :

  

• Scaling up by incurring loss or after becoming profitable, it's a choice: Arya.ag

  In this episode of Fintech Diary, Amol Dethe, Editor ETBFSI spoke with Chattanathan Devarajan and dive into the business of one of India’s leading agritech startups to understand the financial and business aspects of it.

  

• No-code revolution will help FinTechs adopt tech easily and hyperscale : Razorpay CBO

  How can the no-code revolution help FinTechs scale? How can technology help FinTechs face the key challenges in the sector? In this week's FinTech Diary, Rahul Kothari, CBO, Razorpay discusses these alongwith sharing Razorpay's business model, future targets and insights on latest trends and developments in the FinTech space. Here's a snippet :

  

• ‘Funding winter won't last long as decent dry powder is there,’ says INDmoney Founder

  INDMoney aims at penetrating among the tax paying TAM (total addressable market) and it strongly believes that the world of negative unit economics is gone and companies need to build their business models around positive unit economics. In this week’s episode of Fintech Diary, ETBFSI’s Editor Amol Dethe speaks with Ashish Kashyap, Founder and CEO INDMoney.

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• Won't sell if we can't make money says Zopper which refuses to spend on customer acquisition

  Zopper had grabbed the early-mover opportunity in the Insurtech market back in 2011 and now is sailing smoothly earning Rs 1100 crores of premium in 2022 so far, and remaining a profitable entity. While interacting with Amol Dethe, Editor ETBFSI, the Zopper Co-Founder and CEO Surjendu Kuila decoded the growth matrix by saying the path to profitability and growing at 100%-150% CAGR is simply by leveraging technology that can enhance a firm’s marginal cost of distributing insurance beyond the metros and satellite cities to the tier 3 and tier 4 parts of the country. He shared the algorithm for using an e-commerce customer base and how they slice and dice the data to create cohorts and offer insurance distribution products.