Bits YC Application

Summer 2020Active

Bits went through Y Combinator in the Summer 2020 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2020
Industry: FintechConsumer Finance
Team size: 15
Status: Active
Launched: 2020

Founders

Faisal KhalidFounder

Bits's YC application, reconstructed

Y Combinator application

Bits, Summer 2020 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Bits

Describe what your company does in 50 characters or less.

A credit card designed to help build credit

What is your company going to make? Please describe your product and what it does or will do.

We make a consumer finance credit card focused on helping people build their credit scores. Our product offers responsible credit options with tools that help customers understand and improve their credit history over time.

Where do you live now, and where would the company be based after YC?

We live in London, England, and Bits is based here. After YC, we plan to keep the company headquartered in London.

Explain your decision regarding location.

We are based in London because that is where we understand the consumer finance market well, and it's also where our users are. This location anchors us close to early adopters and the financial ecosystem relevant to our product.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Bits YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Bits's public data (launch notes, founder backgrounds, product description). It shows how a company like Bits would present itself to YC, not the text they submitted.