Discover and read the best of Twitter Threads about #Cred
Most recents (7)
🚨After #digital payments and digital lending, the @RBI is looking closely at platforms that facilitate direct, or peer-to-peer (#P2P), lending between individuals.
While P2P startups, as regulated non-banking finance entities, need to share business updates with the regulator on a constant basis, the RBI has now asked them about partnership models with consumer-facing applications, the flow of funds, risk sharing among partners and so on.
Most indian products struggle to build trust with their users. Trust solves your initial traction, repeat purchase behaviour & even basket size.
Here's the framework that everyone from #CRED to #Tinder to #Hubspot & #Zomato use & you can too 🧵
Here's the framework that everyone from #CRED to #Tinder to #Hubspot & #Zomato use & you can too 🧵
I wrote a deeper article on this in my newsletter growthx.cc/newsletter. But, if you like to consume the summary this is the thread 👇🏻
Framework #1
Solving for trust before the user discovers the product
Solving for trust before the user discovers the product
Are #Startup valuation any way justified?
Closing price of #Zomato on #BSE today was Rs. 132.60 at this price, Market cap of Zomato (Total valuation of Company) is at Rs. 1,04,027 Crores. Which means #Zomato is already in top 50 Companies of India market cap wise (1/n)
Closing price of #Zomato on #BSE today was Rs. 132.60 at this price, Market cap of Zomato (Total valuation of Company) is at Rs. 1,04,027 Crores. Which means #Zomato is already in top 50 Companies of India market cap wise (1/n)
#GodrejConsumer which was listed on 18-06-2001 and having a track record of giving constant profit for atleast 10 years (screener.in/company/GODREJ…) is valued just below #Zomato. despite comparatively much stronger performance and track record of Profit and Dividend (2/n)
On the other hand #Zomato has accumulated loss of 56,00,30,00,000 INR (Source: Zomato RHP - in INR Million) as on 31/3/21 and still it is valued at such a higher price. Zomato is valued higher than #TataMotors #Britannia #BergerPaints to name few (3/n)
moneycontrol.com/stocks/marketi…
moneycontrol.com/stocks/marketi…
✨The Show business of CRED✨
They are not in the #Fintech business or the #Lifestyle business but the #Show business.
👇 Expand this thread to learn more about the $2.2 billion valuation of #CRED!
They are not in the #Fintech business or the #Lifestyle business but the #Show business.
👇 Expand this thread to learn more about the $2.2 billion valuation of #CRED!
Had an interesting discussion with my fellow cohort members @StoaHQ about @CRED_club and its massive $215 million in a Series D, which values the business at a whopping $2.2 billion.
To understand what these ✨"marquee" VCs✨ might have seen in CRED, let's do a good old SWOT analysis of CRED.
Let's understand credit card and charges around it. Especially in India.
Many people's are afraid of credit cards due to interest,late payment fee, typically more spending habits.
Lets us try to explain on how to use credit card and njoy the rewards.
1/n
#creditcard
#managefin
Many people's are afraid of credit cards due to interest,late payment fee, typically more spending habits.
Lets us try to explain on how to use credit card and njoy the rewards.
1/n
#creditcard
#managefin
Facts: Developing countries have more interest charges than developed contries.
In india the interest rate per month ranges from 1.8%-3.2% based on bank or the card you choose/eligible.
The interest rate calculated annually is called APR.
2/n
#managefin
#creditcard
In india the interest rate per month ranges from 1.8%-3.2% based on bank or the card you choose/eligible.
The interest rate calculated annually is called APR.
2/n
#managefin
#creditcard
Lets make it clear on when you will pay interest.
When you missed to pay the statement total amount interest rate will be calculated from that day.
If you withdraw money in ATM using #creditcard interest will be calculated from the day amount is withdrawn.
#managefin
3/n
When you missed to pay the statement total amount interest rate will be calculated from that day.
If you withdraw money in ATM using #creditcard interest will be calculated from the day amount is withdrawn.
#managefin
3/n
1/n long thread on Inside India's retail credit boom. The good, bad & ugly. My deep dive in @EconomicTimes @Magazin_ET Some imp takeaway. @kunalb11 @Gaurav1105 @desaisantosh @CRISILLimited @CIBIL_Official @RajeshMagow @creditvidya @mrinagarwal @trramach
economictimes.indiatimes.com/industry/banki…
economictimes.indiatimes.com/industry/banki…
A credit-averse nation is falling in love with it. Led by millennials, a generational shift in attitude has intersected with a big digital disruption in lending biz, causing capacity expansion & a drop in costs, allowing firms to bring more people into ambit of formal credit 2/n
Four discernible shifts. Lending is moving online—a person in need of a loan today is far likelier to fill up a form on a website than walk into a bank branch. Secondly, a raft of fintech firms have sprung up, offering convenience in accessing & democratising credit 3/n
🔥 #DevoirDeVigilance 🔥
Ce matin, @Total a rendez-vous au tribunal de grande instance de Nanterre pour répondre de son action en Ouganda
@amisdelaterre @Survie & associations plaignantes ougandaises viennent défendre les droits humains et l'environnement
👇👇 [Thread] 👇👇
Ce matin, @Total a rendez-vous au tribunal de grande instance de Nanterre pour répondre de son action en Ouganda
@amisdelaterre @Survie & associations plaignantes ougandaises viennent défendre les droits humains et l'environnement
👇👇 [Thread] 👇👇
Arrivée des plaignants au tribunal pour la conférence de presse avant l'audition
"Nous utilisons aujourd'hui des mécanismes judiciaires pour faire appliquer la loi et contraindre @Total à respecter les droits humains en Ouganda, où l'entreprise accapare les terres de milliers de foyers", précise @JulietRenaud
