/financial inclusion

Discussion
An open finance model for the world
Ketharaman Swaminathan

Ketharaman Swaminathan

  Given that the key impetus to Open Finance in USA has been provided by Plaid, Finicity, Yodlee, et al, I'd think the US approach to Open Finance is also Platform-driven? Open Banking: EU v. USA Ditto India e.g. NPCI (UPI for P2P and P2M Payments, BBPS for Bill Pay), Anon (AA for account aggregation).
As ‘Buy Now, Pay Later’ starts to impact credit scores, financial literacy is a must-have
Ketharaman Swaminathan

Ketharaman Swaminathan

  Any idea if delaying / defaulting on a £5 BNPL repayment would have as much adverse impact on credit score as delaying / defaulting on a £500 BNPL repayment?
Fintechs don’t have to rely on VCs to raise money…
Ketharaman Swaminathan

Ketharaman Swaminathan

  I'm a Founder. I'm also a member of one of those angel investing networks in India that you've mentioned. I separate my expertise from investments. Where I invest, I offer only money, and leave it to the founder to seek out and pay for my expertise if they're interested in it. This has worked very well for me so far.  In most cases, founders really want just money but act as though they're also looking for expertise and investors really just want multibagger returns but act as though they're not in it for money alone. As a result, both parties engage in too much expertise gesturing and the sideshow dominates the engagement.    If both sides cut to the chase and focus exclusively on what brought them together, much of this expertise gesturing will get nipped in the bud.
Fintechs don’t have to rely on VCs to raise money…
Melvin Haskins

Melvin Haskins

  Excellent information. VCs are nowhere near as expert as they claim to be.