Home / Tech News / Months-old Uni raises $18.5 million seed round to expand India’s credit card market

Months-old Uni raises $18.5 million seed round to expand India’s credit card market


n”,”protected”:false},”excerpt”:”rendered”:”

With the president hospitalized, his doctors evading basic questions and an election 29 days away, chaos reigned after Trump tested positive for the virus that’s killed more than 200,000 Americans. Now, after a four-day stay at Walter Reed medical center, the president said he will return to the White House. But more questions than answers […]n”,”protected”:false,”author”:113760560,”featured_media”:2056268,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”carmot_uuid”:”12d6833a-9084-318c-bdcf-29c5bf61c654″,”categories”:[17396],”tags”:[576686439,8055,651,12374,449548942,10406,4308,449549892,576740177,449551325,189091,129841,449555888,576814376,576599632,576748551,541893,27683,576747114,49818,57544,429561611,449557049,7053],”crunchbase_tag”:[576814377],”tc_stories_tax”:[],”tc_ec_category”:[],”tc_event”:[],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg”,”shortlink”:”https://tcrn.ch/33wa3Vu”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[“slug”:”cornell-university”,”cb_name”:”Cornell University”,”cb_slug”:”cornell-university-organization”,”cb_link”:”https://crunchbase.com/organization/cornell-university”,”slug”:”jonathon-morgan”,”cb_name”:” “,”cb_slug”:”jonathon-morgan-person”,”cb_link”:”https://crunchbase.com/person/jonathon-morgan”],”associatedEvent”:null,”event”:null,”authors”:[113760560],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/2056261″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2056261″],”version-history”:[“count”:12,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2056261/revisions”],”predecessor-version”:[“id”:2056376,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2056261/revisions/2056376″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=2056261&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/2056268″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=2056261″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=2056261″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=2056261″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=2056261″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=2056261″,”taxonomy”:”tc_ec_category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_ec_category?post=2056261″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=2056261″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:113760560,”name”:”Taylor Hatmaker”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/taylor-hatmaker/”,”slug”:”taylor-hatmaker”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=96&d=identicon&r=g”,”links”:”twitter”:”https://twitter.com/tayhatmaker”,”linkedin”:”https://www.linkedin.com/in/taylorhatmaker”,”crunchbase”:”https://www.crunchbase.com/person/taylor-hatmaker”,”position”:”Writer”,”cbDescription”:”

Taylor covers politics, platform policy, and big tech at TechCrunch. Prior to rejoining TechCrunch, Taylor was Senior Technology Editor of the Daily Beast. Taylor first joined TechCrunch in 2016. Prior to joining TechCrunch, she was the Tech Editor of the Daily Dot and a reporter and deputy editor at ReadWriteWeb.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/cabdqmvycg5eabppjffy”,”twitter”:”tayhatmaker”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”author”:[“id”:113760560,”name”:”Taylor Hatmaker”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/taylor-hatmaker/”,”slug”:”taylor-hatmaker”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=96&d=identicon&r=g”,”links”:”twitter”:”https://twitter.com/tayhatmaker”,”linkedin”:”https://www.linkedin.com/in/taylorhatmaker”,”crunchbase”:”https://www.crunchbase.com/person/taylor-hatmaker”,”position”:”Writer”,”cbDescription”:”

Taylor covers politics, platform policy, and big tech at TechCrunch. Prior to rejoining TechCrunch, Taylor was Senior Technology Editor of the Daily Beast. Taylor first joined TechCrunch in 2016. Prior to joining TechCrunch, she was the Tech Editor of the Daily Dot and a reporter and deputy editor at ReadWriteWeb.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/cabdqmvycg5eabppjffy”,”twitter”:”tayhatmaker”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:2056268,”date”:”2020-10-05T10:36:59″,”slug”:”us-health-virus-vote-trump”,”type”:”attachment”,”link”:”https://techcrunch.com/2020/10/05/trump-covid-white-house-hospitalized-white-house/us-health-virus-vote-trump/”,”title”:”rendered”:”US-HEALTH-VIRUS-VOTE-TRUMP”,”author”:113760560,”license”:”source_key”:”getty images”,”person”:”Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)”,”authors”:[113760560],”caption”:”rendered”:”

Supporters of US President Donald Trump show their support outside Walter Reed National Military Medical Center on October 5, 2020 in Bethesda, Maryland. – Donald Trump’s doctors were to decide Monday whether he is recovered enough to leave hospital and continue Covid-19 treatment at the White House, as the president signalled his determination to return to the election campaign with an early morning tweetstorm. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)n”,”alt_text”:””,”media_type”:”image”,”mime_type”:”image/jpeg”,”media_details”:”width”:4500,”height”:3118,”file”:”2020/10/trump-covid-GettyImages-1228911756.jpg”,”sizes”:”thumbnail”:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=150,104″,”width”:150,”height”:104,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=150″,”medium”:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=300,208″,”width”:300,”height”:208,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=300″,”medium_large”:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=768,532″,”width”:768,”height”:532,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=1024″,”large”:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=680,471″,”width”:680,”height”:471,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=680″,”1536×1536″:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=1536,1064″,”width”:1536,”height”:1064,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=1536″,”2048×2048″:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=2048,1419″,”width”:2048,”height”:1419,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=2048″,”guest-author-32″:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=32,32″,”width”:32,”height”:32,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=32&h=32&crop=1″,”guest-author-50″:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=50,50″,”width”:50,”height”:50,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=50&h=50&crop=1″,”guest-author-64″:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=64,64″,”width”:64,”height”:64,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=64&h=64&crop=1″,”guest-author-96″:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=96,96″,”width”:96,”height”:96,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=96&h=96&crop=1″,”guest-author-128″:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=128,128″,”width”:128,”height”:128,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=128&h=128&crop=1″,”concierge-thumb”:”file”:”trump-covid-GettyImages-1228911756.jpg?resize=50,35″,”width”:50,”height”:35,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg?w=50″,”full”:”file”:”trump-covid-GettyImages-1228911756.jpg”,”width”:1024,”height”:710,”mime_type”:”image/jpeg”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg”,”image_meta”:”aperture”:”0″,”credit”:”AFP via Getty Images”,”camera”:””,”caption”:”Supporters of US President Donald Trump show their support outside Walter Reed National Military Medical Center on October 5, 2020 in Bethesda, Maryland. – Donald Trump’s doctors were to decide Monday whether he is recovered enough to leave hospital and continue Covid-19 treatment at the White House, as the president signalled his determination to return to the election campaign with an early morning tweetstorm. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)”,”created_timestamp”:”0″,”copyright”:””,”focal_length”:”0″,”iso”:”0″,”shutter_speed”:”0″,”title”:”US-HEALTH-VIRUS-VOTE-TRUMP”,”orientation”:”0″,”keywords”:[“politics”,”Horizontal”,”Politics”,”Government”,”Politics”,”Government”,”Washington”],”filesize”:2565184,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/10/trump-covid-GettyImages-1228911756.jpg”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media/2056268″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/attachment”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2056268″],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″]],”wp:term”:[[“id”:17396,”link”:”https://techcrunch.com/tc/”,”name”:”TC”,”slug”:”tc”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/17396″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=17396″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=17396″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=17396″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[“id”:576686439,”link”:”https://techcrunch.com/tag/2020-election/”,”name”:”2020 Election”,”slug”:”2020-election”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/576686439″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=576686439″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576686439″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576686439″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576686439″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:8055,”link”:”https://techcrunch.com/tag/america/”,”name”:”america”,”slug”:”america”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/8055″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=8055″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=8055″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=8055″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=8055″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:651,”link”:”https://techcrunch.com/tag/articles/”,”name”:”articles”,”slug”:”articles”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/651″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=651″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=651″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=651″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=651″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:12374,”link”:”https://techcrunch.com/tag/artificial-intelligence/”,”name”:”artificial intelligence”,”slug”:”artificial-intelligence”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/12374″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=12374″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=12374″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=12374″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=12374″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:449548942,”link”:”https://techcrunch.com/tag/campaign-manager/”,”name”:”campaign manager”,”slug”:”campaign-manager”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/449548942″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=449548942″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449548942″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449548942″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449548942″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:10406,”link”:”https://techcrunch.com/tag/ceo/”,”name”:”ceo”,”slug”:”ceo”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/10406″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=10406″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=10406″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=10406″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=10406″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:4308,”link”:”https://techcrunch.com/tag/congress/”,”name”:”Congress”,”slug”:”congress”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/4308″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=4308″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=4308″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=4308″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=4308″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:449549892,”link”:”https://techcrunch.com/tag/cornell-university/”,”name”:”cornell university”,”slug”:”cornell-university”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/449549892″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=449549892″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449549892″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449549892″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449549892″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:576740177,”link”:”https://techcrunch.com/tag/covid-19/”,”name”:”COVID-19″,”slug”:”covid-19″,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/576740177″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=576740177″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576740177″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576740177″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576740177″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:449551325,”link”:”https://techcrunch.com/tag/deception/”,”name”:”deception”,”slug”:”deception”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/449551325″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=449551325″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449551325″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449551325″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449551325″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[“id”:576814377,”link”:”https://techcrunch.com/?taxonomy=_tc_cb_tag_taxonomy&term=jonathon-morgan-person”,”name”:”jonathon-morgan-person”,”slug”:”jonathon-morgan-person”,”taxonomy”:”_tc_cb_tag_taxonomy”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag/576814377″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/_tc_cb_tag_taxonomy”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?crunchbase_tag=576814377″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[],[],[]]}},{“id”:2055622,”date”:”2020-10-05T13:09:39″,”date_gmt”:”2020-10-05T20:09:39″,”guid”:”rendered”:”https://techcrunch.com/?p=2055622″,”modified”:”2020-10-05T13:09:39″,”modified_gmt”:”2020-10-05T20:09:39″,”slug”:”embedded-finance-might-represent-fintechs-future”,”status”:”publish”,”type”:”post”,”link”:”https://techcrunch.com/2020/10/05/embedded-finance-might-represent-fintechs-future/”,”title”:”rendered”:”Embedded finance might represent fintech’s future”,”content”:{“rendered”:”

The fintech industry is on a tear. Popular consumer services like Robinhood to Coinbase and Revolut have managed to attract millions of customers, but the most interesting trend right now is embedded finance.n

Tech companies that donu2019t necessarily provide financial services can embed services from fintech companies directly in their products. At the same time, fintech companies can find a new distribution channel by providing financial products outside of their main product. They donu2019t necessarily need a consumer product anymore.n

At TechCrunch Disrupt, we talked about this trend and the most important changes in the fintech industry with three experts u2014 Hope Cochran, a managing director at Madrona Venture Group (and former King CFO), Ruth Foxe Blader, a partner at Anthemis, and John Locke, a partner at Accel.n

Banking as a service: Every tech company is potentially a fintech companyn

We started the conversation by talking about banking as a service. For entrepreneurs hoping to launch a fintech company, there are many regulatory requirements and it can take a while to set up the infrastructure.n

“If the intention is to offer something else and it happens that you need fintech infrastructure, then it makes no sense to build it yourself,” Cochran said. “They should utilize the banking-as-a-service model. But maybe their intention is to create a true fintech and the secret sauce is to build it.u201dn

Even in the latter case, it doesnu2019t mean that founders shouldnu2019t consider banking as a service for the very beginning of their company, as it can serve as a bridge before switching to their own infrastructure.n

u201cBut the problem with building it yourself is that it takes years to get it out there and get through the regulatory hurdles and you canu2019t see if your product and idea are actually working. So if you want to get to market much faster and iterate and see if youu2019ve hit upon something that will work on the market, I think banking as a service is a really important tool,u201d Cochran said.n

Locke doubled down on that idea and described banking as a service as a massive opportunity for an entire wave of entrepreneurs, but if you donu2019t launch your product fast enough, another entrepreneur will find a way to enter the market more quickly.



Source link

About admin

Check Also

Facebook and Twitter CEOs to testify before Congress in November on how they handled the election

Shortly after voting to move forward with a pair of subpoenas, the Senate Judiciary Committee ...

Leave a Reply

Your email address will not be published. Required fields are marked *