Credit cards for Indians that banks cannot see RedCarpet issues credit cards to untapped consumers in India. Currently we are one of the largest issuers of credit lines to the new-to-credit customer in India. In a population base of 800 million people with bank accounts, there are less than 40 million credit cards. By building a fullstack SDK for card issuance, underwriting as well as holding capital & collection ops, we are looking to build the Capital One of India. - We have over 1.7 lakh plastic in 28 cities and a couple of million users of virtual revolving credit on our app. Our products include different kinds of cards as well as the new upcoming UPI 2.0 Overdraft system. - At RedCarpet, we have built and own the stack - everything from acquisition to underwriting to collections is built in house.none of our software is outsourced. - We are beating the industry on tech and have one of the best performance in the industry. We see the industry and regulatory tailwinds in the near future - we want to be the first startup to get a credit cards license from the RBI. We are already one of the first startups to get a NBFC license from the RBI. - We are targeting a multi-billion dollar market (on the lower end) while building a fundamental #MakeInIndia company. We work closely with the Niti Aayog, RBI, NPCI and the Startupindia/DIPP and contribute our policy papers and opinions on a highly regulated space like lending. - We have chosen to take a higher ethical ground through design, long before privacy concerns ever surfaced in India - https://www.redcarpetup.com/2017/11/29/design-for-honesty/ - We are building the Capital One of India. We are not a neobank. We are creating very smart, high engagement, revolving credit products for India. Think credit cards and UPI 2.0 OD accounts - we will build on top of all kinds of regulatory infrastructure. - This is who we are 'https://www.redcarpetup.com/careers/ and https://www.instagram.com/redcarpetuplife/'
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