Inscrição YC de Spenny
Spenny passou pela Y Combinator no batch Winter 2020 como uma empresa Fintech. Abaixo: o que a empresa faz, quem a fundou e sua inscrição para a YC, reconstruída pergunta por pergunta no formulário real da YC.
- Batch YC
- Winter 2020
- Indústria
- FintechConsumer Finance
- Tamanho da equipe
- 2
- Status
- Active
- Lançada
- 2020
Fundadores
Gaurav AroraFounder
O que Spenny faz
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.
Inscrição YC de Spenny, reconstruída
Inscrição Y Combinator
Spenny, lote Winter 2020. As verdadeiras perguntas do formulário, respondidas com dados 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 respostas a mais na inscrição completa
Founders, Progress, Idea, Equity, Curious, Batch Preference estão na versão completa. Crie uma conta gratuita para abri-la no YC Insights, ao lado de todos os outros batches da YC.
Perguntas Frequentes
Esta é a inscrição real da YC de Spenny?
Não. A Y Combinator mantém as inscrições submetidas em privado. Esta é uma reconstrução: as perguntas reais do formulário da YC, respondidas a partir dos dados públicos de Spenny (notas de lançamento, históricos de fundadores, descrição do produto). Mostra como uma empresa como Spenny se apresentaria à YC, não o texto que eles submeteram.
Em qual batch da YC Spenny esteve?
Spenny fez parte do batch Winter 2020 da Y Combinator.
Quem fundou o Spenny?
O Spenny foi fundado por Gaurav Arora.
O que o Spenny faz?
Acorns for India. Every time you swipe you make a digital…
Como eu leio o application completo reconstruído?
Crie uma conta gratuita no Round Funded. A versão completa de 26 respostas do application do Spenny, e de todos os outros lotes do YC, está no YC Insights.
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