India lending oppty is so big, its beyond imagination. we can potentially hv 1000s of strong nbfcs (& fintechs). but some hv failed & many can't scale!

hard to scale profitably+ NPAs in chk. eg. small biz lending is difficult in Tier3/4/5

But this co 👌🚀: Five Star Biz Fin..🧵 hv been tracking this co for few yrs. now with drhp

Five-star is an amazing co that is going to IPO
- 5000+ cr loan book (grown 25 times in last 6 yrs)
- Avg loan size ~3L
- # customers 187k
- Well-oiled and brilliantly run machine

ps: red herring data points plus other sources

I was looking specifically for the #FinTech cos that presented at @ycombinator Demo Day event for its Summer 2020 class. Didn’t find anything summarized well in one place so sharing what I got for day 1 with founder handles, etc. if you need to reach out to them
...a <THREAD> Some v interesting startups in FinTech - many neobank propositions, API/data cos and B2B saas cos. Very global and some v experienced product teams.

Y Combinator is the most successful startup accelerator in the world for many reasons. Let’s see the co profiles one by one ...

Americans didn’t rally to Investments in stock markets & mutual funds, etc. on their own. Greatest “demand” in history, the greatest markets were created by some cos, men & events. Here is some history..<thread>

1) Merrill Lynch - believed in bringing Wall Street to Main Street. Early on Charles Merrill believed that in order for American investing to become a big thing (mass market), middle class will have to be interested in investing. just the same thinking that Giannini of BofA had for banking - focus on “the little fella” 👨‍💼

Small 💵 investors