News about Neo Banks ๐Ÿ—ž๏ธ

Yes, its a new card and it soon bajaj will start offering pre-approved cards for dbs bajaj card

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Meet Wealthyhood, a Greek
fintech startup.

Their investment proposition looks interesting.

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Followed. Ankur has some really fun content on personal finance.

@Shawnpinto can we invite him for a chai pe charcha meet?

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I warn you! DO NOT follow his financial videos! Eg. Smallcase is the worst investment instrument yet he promotes it.

If you want to learn financial things read books from reputed authors. Same goes with Akshat Shrivastavaโ€ฆhe is worse than him and also he sells a courses on crypto investing for Rs. 10k.

Where the retail investors are struggling in investing in REAL companies running REAL businessesโ€ฆAkshat seems to have mastered crypto it seems. I mean WTH?

After government announcing 30% tax on cryptosโ€ฆakshat got spooked and uploaded a video defending his crypto course.

These guys give poor financial advice, sometimes dangerous financial advice (watch his "how to save 30% cypto tax video for context) or atleast they repeat/rehash financial tips what we have already heard from our parents. So it might seem new actually they are not. Also nowadays many fintech firms are inviting these guys for promotion as they have huge followers.

I again repeat read the good books, there are plenty of genuine online articles, you have googleโ€ฆso learn slowly but in the right way.

Thank you.

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Never been a fan of Crypto or NFTs. Iโ€™m more a Fiat currency guy.

But yeah, thatโ€™s an interesting take on Ankur and Akshat. Iโ€™ll keep an eye out.

And yep, for the folks who are new into personal finance reading this thread, keep an eye out too and form your perspective after a good read. :smile:

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100% agree with you on Ankur and Akshat.

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Jiten already know him Ankur has a direct contact his and his team thatโ€™s why He have been given a special link account opening.

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I read few comments and I could see someone asking how neobanks make money/ what is their financial model. I still have the same doubt about neobanks.

I still cannot trust neobanks 100% due to the lack of transparency in their financial model. Letโ€™s take jupiterโ€ฆ Jupiter app has no features like mobile recharges, insurance, investment to get commissions or they dont give credits and they dont have fees for the debit card too :thinking:. How are they maintaining their websites and other infrasโ€ฆ

Are they having the policy of get more users now and tax them later? :joy:

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when RBI is not trusting neo banks than how user will trust?:joy:

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But as ankur told make Traditional bank primary and use neo bank as second account

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Check out this.

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I use SBI as primary and jupiter secondary

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1 and 3 is possible. These apps have access to my sms :smiling_face_with_tear:.

Jupiter uses clevertap, appsflyer trackers mainly i think :thinking:

Imagine how much money they might have siphoned just by staying live for a few days.

This is the reason we need a regulation on Neo Banks.

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Interesting thread on neobankโ€™s :ok_hand::point_right: Twitter

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Looks like I am not the only one suggesting this to Jupiter.

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I think slaypay is either a scam/dormant project. Iโ€™ve been contacting the email support for the past 9 days still no response from them. Although I get the automated email with the support ticket status tracking link but the links doesnโ€™t work. Plus their t&c page doesnโ€™t load.

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OMG!!! my 49 Rs is gone :face_with_peeking_eye: :face_with_peeking_eye:

But their idea of customised card is :fire: :fire:

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got a credit limit of 75000 for Tata Qik EMI Card :smiley: :smiley:

But the problem is shorter EMI Tenure of 3 monthsโ€ฆI cant see any other option on Croma websiteโ€ฆAlso didnโ€™t liked the Tata Neu App

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