Building The Pipes For Fintech | Prabhtej Singh Bhatia @ Falcon
Founder Thesis
00:00
BNPL
NBFCs now give out loans on these cards. They're able to reduce their cost of funds by up to 2%. And all of this is not happening at the cost of the consumer. The customer is not paying for this, and that's amazing because you're able to now build a product that was unlike an unheard of. Look at BNPL, right? Like you give out these cards and the customer, if he pays back within a month, doesn't even need to pay interest on it. It's one of the most phenomenal products out there.
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