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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Save now pay later startups are looking to make money by getting young Indians to save up for future expenses, but will the fad last?
Editor's note: The Indian middle class is good at saving money. The need to spend cautiously is after all instilled into people from an early age. But, today, ambition is driving young Indians towards credit, particularly personal loans and buy now pay later, or BNPL, schemes. Their eagerness to live the good life has now given some entrepreneurs a new business opportunity. A number of new fintech companies have emerged to compete with BNPL players and reverse-engineer their pitch. Under BNPL, consumers get short-term loans to meet their immediate needs. Save now pay later schemes, on the other hand, intend to incentivize customers to save a few bucks every day towards meeting a specific goal later like, say, going on a holiday or buying a laptop. At least four Indian fintech startups targeting savings have raised fresh funding in the last few months. August: Jar raised $22.6 million in a Series B funding round led by Tiger GlobalMay: Multpl raised $3 million in a pre-Series A round led by Blume VenturesApril-September: Tortoise raised $2.8 million in a seed funding round from Vertex …
Save now pay later startups are looking to make money by getting young Indians to save up for future expenses, but will the fad last?
Editor's note: The Indian middle class is good at saving money. The need to spend cautiously is after all instilled into people from an early age. But, today, ambition is driving young Indians towards credit, particularly personal loans and buy now pay later, or BNPL, schemes. Their eagerness to live the good life has now given some entrepreneurs a new business opportunity. A number of new fintech companies have emerged to compete with BNPL players and reverse-engineer their pitch. Under BNPL, consumers get short-term loans to meet their immediate needs. Save now pay later schemes, on the other hand, intend to incentivize customers to save a few bucks every day towards meeting a specific goal later like, say, going on a holiday or buying a laptop. At least four Indian fintech startups targeting savings have raised fresh funding in the last few months. August: Jar raised $22.6 million in a Series B funding round led by Tiger GlobalMay: Multpl raised $3 million in a pre-Series A round led by Blume VenturesApril-September: Tortoise raised $2.8 million in a seed funding round from Vertex …
Etihad Credit Bureau will now be incorporating buy now, pay later data from two of the largest fintechs in the Mideast in credit reports.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The regional economy is expected to take a big hit in 2026, venture capital activity is starting to show signs of strain, and Saudi Arabia’s sovereign fund has a new investment strategy.
Etihad Credit Bureau will now be incorporating buy now, pay later data from two of the largest fintechs in the Mideast in credit reports.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The regional economy is expected to take a big hit in 2026, venture capital activity is starting to show signs of strain, and Saudi Arabia’s sovereign fund has a new investment strategy.
