Spenny YC-Bewerbung
Spenny durchlief Y Combinator im Winter 2020-Batch als ein Fintech-Unternehmen. Unten: Was das Unternehmen tut, wer es gegründet hat und seine Bewerbung bei YC, Frage für Frage im echten YC-Formular rekonstruiert.
- YC-Batch
- Winter 2020
- Branche
- FintechConsumer Finance
- Teamgröße
- 2
- Status
- Active
- Gestartet
- 2020
Gründer
Gaurav AroraFounder
Was Spenny tut
Spenny is the Acorns for India. Every time a user make any digital transaction, we round off the amount to the nearest 10 INR and invest it for them into a diversified portfolio, automatically. 400M millennials in India don't invest because they don't have enough time, knowledge or access to large capital. With Spenny, they just connect the card and invest every time they spend. We're growing 67% WoW since launch, with 3,000+ users and $15,000 in AUM. Indians put $500Bn into their bank accounts annually. We charge 1.75% of the AUM for investments. That's a direct ~$9Bn market in India alone. Potentially every time a user makes a transaction, we make money. And in that sense, the timing for Spenny couldn't have been better: 1 Trillion+ transactions are expected in 2021 because of factors like Whatsapp launching its P2P payments in India for its 400M users. And the emergence of UPI means every Indian has a virtual bank account now. More interesting revenue models develop from the transaction data insights of our users. We analyse the rich data to A) up-sell more financial products like insurance etc., and B) create brand loyalty programs & partnerships. We acquire customers at minimal CAC by bank partnerships. We leverage the banks' existing users, by integrating with their mobile app. In turn, we invest into their mutual funds. Our long-term vision is to become a one-stop asset management solution for millennials.
Spennys YC-Bewerbung, rekonstruiert
Y Combinator Bewerbung
Spenny, Winter 2020 Batch. Die echten Fragen des Antrags, beantwortet aus öffentlichen Daten.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Spenny
Acorns for India: round-up investing automatically
We built Spenny to automatically invest users' spare change from digital transactions in India. Every time a user spends digitally, we round up the transaction to the nearest 10 INR and invest the difference in a diversified portfolio, making investing effortless for millennials who don't have the time or knowledge to manage investing themselves.
We currently live in Bengaluru, KA, India, and plan to keep the company based there after YC.
India is where the problem exists: 400M millennials don't invest due to barriers like lack of time, knowledge, and access. Bengaluru is our home and a fintech hub. Staying here keeps us close to regulators, banks, and users.
21 weitere Antworten in der vollständigen Bewerbung
Founders, Progress, Idea, Equity, Curious, Batch Preference sind in der Vollversion. Erstelle ein kostenloses Konto, um es in YC Insights neben jedem anderen YC-Batch zu öffnen.
Häufig gestellte Fragen
Ist das die echte YC-Bewerbung von Spenny?
Nein. Y Combinator hält eingereichte Bewerbungen privat. Dies ist eine Rekonstruktion: die echten Fragen des YC-Formulars, beantwortet aus den öffentlichen Daten von Spenny (Veröffentlichungsnotizen, Gründerhintergründe, Produktbeschreibung). Sie zeigt, wie sich ein Unternehmen wie Spenny bei YC präsentieren würde, nicht den Text, den sie eingereicht haben.
In welchem YC-Batch war Spenny?
Spenny war Teil des Y Combinator Winter 2020-Batches.
Wer hat Spenny gegründet?
Spenny wurde von Gaurav Arora gegründet.
Was macht Spenny?
Acorns for India. Every time you swipe you make a digital…
Wie lese ich die vollständige, rekonstruierte Bewerbung?
Erstelle ein kostenloses Round Funded Konto. Die vollständige 26-Antwort-Version der Bewerbung von Spenny, und jede andere YC-Kohorte, findest du in YC Insights.
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