“The @GoI_MeitY has started the process to ban & block 138 betting apps and 94 loan lending apps which reportedly have Chinese links on an “urgent” and “emergency” basis.” – Prasar Bharati Have you ever been to a party where the police showed up? If yes, congrats, I suppose. What if it’s not the police?Read more
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“Be careful or be roadkill.” – Calvin (Calvin & Hobbes) There are two kinds of fintech: the conscientious and the reckless. The former treads with caution. They know that being cavalier isn’t an option if you deal with public money. Then there’s the reckless. The sort that calls your grandmom if you default on aRead more
“There are some gifts only the RBI can deliver. For everything else, there’s Santa.” – (reportedly) Santa Merry Christmas Dear Reader, We have a Christmas present for you: a sneak peek into Santa’s inbox. Besides millions of gushing letters from Messi fans, we found many from fintech founders, and a lot of them read like this:Read more
“Whatever the truth, science today agrees that everything is destined to return to Chaos. It calls this inevitable fate entropy: part of the great cycle from Chaos to order and back again to Chaos.” – Stephen Fry, Mythos: The Greek Myths Retold Hello Reader,The ancient Greeks believed the first divine beings – the sky, the earth, theRead more
“I never travel without my diary. One should always have something sensational to read in the train.” – Oscar Wilde To: your computer screen Subject: breaking the fourth wall Hello Dear Reader, Yes, you. We’re waving at you. Not the person behind you. But you. Writing a newsletter can be lonely. We can’t helpRead more
“In a diverse market like India, key is to match right-priced borrower risk to investor/lender risk” -Fintech Founder (State of India Fintech Union 2022) Matchmaking. That’s what Indian fintech does best. Matching the right borrower with the right lender. RBI’s new digital lending guidelines aim to rid fintech matchmaking from meddlesome interlopers. Or, at theRead more
“This is an outstanding accomplishment. It indicates the collective resolve of the people of India to embrace new technologies and make the economy cleaner.” – PM Modi That’s PM Modi lauding UPI crossing 6 billion transactions in July. Like any icon, UPI has gained its share of admiration and envy. Last month, we intercepted aRead more
“The power and beauty of physical laws is that they apply everywhere, whether or not you choose to believe in them. In other words, after the laws of physics, everything else is opinion.” Neil DeGrasse Tyson, Astrophysics for People in a Hurry The law of gravity guides planets, asteroids, and comets in their orbit aroundRead more
“I don’t debate the poor on Twitter” – Do Kwon, Creator of Terra My Twitter feed has been chirping with TerraUSD’s (UST) death spiral and its (arguably failed) revival plans. If it weren’t for Twitter, or the many thousands who burnt their fingers (uhm, savings) investing in UST, I probably wouldn’t have tracked UST. IRead more
“Lending is a feature. Not a product. Almost all and any distribution platforms with unique and rich datasets can unlock lending and win big.” Kunal Shah, on Twitter A fintech entrepreneur walks into a bar. “Hey, what can I get you today?” asks the bartender. The entrepreneur smiles, “I’ll have my usual – a Dataquiri.”Read more