Aplicación YC de Spenny
Spenny pasó por Y Combinator en el batch Winter 2020 como una empresa de Fintech. Abajo: qué hace la empresa, quién la fundó y su aplicación a YC, reconstruida pregunta por pregunta en el formulario real de YC.
- Batch YC
- Winter 2020
- Industria
- FintechConsumer Finance
- Tamaño del equipo
- 2
- Estado
- Active
- Lanzado
- 2020
Fundadores
Gaurav AroraFounder
Lo que hace Spenny
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.
Aplicación YC de Spenny, reconstruida
Solicitud de Y Combinator
Spenny, batch Winter 2020. Las preguntas reales del formulario, respondidas con datos públicos.
- 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 respuestas más en la aplicación completa
están en la versión completa. Crea una cuenta gratuita para abrirla en YC Insights, junto a cada otro batch de YC.
Preguntas Frecuentes
¿Es esta la aplicación YC real de Spenny?
No. Y Combinator mantiene privadas las aplicaciones enviadas. Esta es una reconstrucción: las preguntas reales del formulario de YC, respondidas a partir de los datos públicos de Spenny (notas de lanzamiento, antecedentes de fundadores, descripción del producto). Muestra cómo una empresa como Spenny se presentaría a YC, no el texto que enviaron.
¿En qué batch de YC estuvo Spenny?
Spenny formó parte del batch Winter 2020 de Y Combinator.
¿Quién fundó Spenny?
Spenny fue fundado por Gaurav Arora.
¿A qué se dedica Spenny?
Acorns for India. Every time you swipe you make a digital…
¿Cómo leo la aplicación completa reconstruida?
Crea una cuenta gratuita de Round Funded. La versión completa de 26 respuestas de la aplicación de Spenny, y de cada otro batch de YC, está en YC Insights.
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