Credit cards for Indians that banks cannot see
Company is active
Event Year: 2015
Company is active
Event Year: 2015
RedCarpetUp addresses a significant gap in the Indian financial market by providing credit cards to individuals underserved by traditional banking institutions. As a prominent issuer of credit lines to those new to credit in India, RedCarpetUp operates within a vast market where a substantial portion of the population with bank accounts lacks access to credit cards. With over 800 million people banked, yet fewer than 40 million credit cards in circulation, the opportunity is immense. RedCarpetUp aims to become the Capital One of India by developing a comprehensive Software Development Kit (SDK) that manages the entire credit card issuance process, encompassing underwriting, capital management, and collection operations.
RedCarpetUp addresses a significant gap in the Indian financial market by providing credit cards to individuals underserved by traditional banking institutions. As a prominent issuer of credit lines to those new to credit in India, RedCarpetUp operates within a vast market where a substantial portion of the population with bank accounts lacks access to credit cards. With over 800 million people banked, yet fewer than 40 million credit cards in circulation, the opportunity is immense. RedCarpetUp aims to become the Capital One of India by developing a comprehensive Software Development Kit (SDK) that manages the entire credit card issuance process, encompassing underwriting, capital management, and collection operations.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2015
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2015
Fintech
Fintech
Fintech -> Consumer Finance
Fintech -> Consumer Finance
Team size: 100
Hiring: No
Team size: 100
Hiring: No
