What is the response of cred to cheq ?

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Deal Cadet
third.i.fina...

What is the response of cred to cheq ? I thought this space will heat up but the cold response from cred is surprising !

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Benevolent Benevolent
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Cred not getting any funding now. They have no other option other than reducing cash burn. 

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Beacon Beacon
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They stopped giving even that chiller 3rs out of those 5 spins.

Benevolent Benevolent
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Cred not getting any funding now. They have no other option other than reducing cash burn. 

Deal Subedar Deal Subedar
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Either they'd shut shop soon or will get acquired by some other fintech or banks (like freecharge was taken over by axis bank)...

Analyst Analyst
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Bk100 wrote:

Cred not getting any funding now. They have no other option other than reducing cash burn. 

The amount of money they wasted on their ridiculous celebrity ads was just insane.
Helpful Helpful
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Cred is stopping shitty coin generator in response

The Alpha The Alpha
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Cred has become big, it is not restricted to cc bill payments, rather they have become an e-commerce, a loan app and a payment gateway

Deal Cadet Deal Cadet
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kartikxxx wrote:

Cred has become big, it is not restricted to cc bill payments, rather they have become an e-commerce, a loan app and a payment gateway

and still the losses is bloating ... very difficult now in fintech space
Deal Cadet Deal Cadet
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Agnivo007 wrote:

Either they'd shut shop soon or will get acquired by some other fintech or banks (like freecharge was taken over by axis bank)...

wonder why axis acquired freecharge ... was it even a good decision on their part ?!
Glitterati Glitterati
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Agnivo007 wrote:

Either they'd shut shop soon or will get acquired by some other fintech or banks (like freecharge was taken over by axis bank)...

Freecharge was also founded by Kunal Shah😬 Just LIKE CRED

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Cred is incurring losses but has potential to be one of the better startups. Already, have data of all the customers (data is the new Gold!) and so much scope to improve. 

Having said that, Cred have exhausted their funding and I think waiting for Cheq to blow out as it is not possible to spend so much plus we Indians dont have the loyalty which is in Western countries (Even a single rupee benefit and we change our preference). For Cred, it is a waiting game now..

Deal Lieutenant Deal Lieutenant
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cashif wrote:

Cred is incurring losses but has potential to be one of the better startups. Already, have data of all the customers (data is the new Gold!) and so much scope to improve. 

What do you do with that data? What do they really have as data? 

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