Yenmo YC Application

Winter 2024Active

Yenmo went through Y Combinator in the Winter 2024 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: Winter 2024
Industry: FintechCredit and Lending
Team size: 5
Status: Active
Launched: 2024

Founders

Ashutosh PurohitFounder
Aryan AgarwalFounder

What Yenmo does

Yenmo offers a better way to access cash for India’s 65 million investors who either resort to personal loans at over 18% interest or have to liquidate their investments when in need of money. With Yenmo, they can pledge their investments digitally and instantly get a loan at a fixed 10.5% interest rate. Our Insight - In India, over 30% of personal loan borrowers have active investments and are paying double the interest rate they qualify for with us.

Yenmo's YC application, reconstructed

Y Combinator application

Yenmo, Winter 2024 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Yenmo

Describe what your company does in 50 characters or less.

Secured consumer lending in India

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

We built a platform that lets India's investors pledge their investments digitally to get instant loans at a fixed 10.5% interest rate. This avoids them having to sell their investments or take expensive personal loans.

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

We live and operate in Bengaluru, Karnataka, India, and the company will remain based here after YC.

Explain your decision regarding location.

Bengaluru is India's fintech and startup hub, which helps us recruit talent and stay close to key financial partners and customers.

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 Yenmo YC application?

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