CosmicTaco

Flipkart's Super.Money Eyes External Funding, Plans to Launch FDs and Credit Lines via UPI

CosmicTaco · 2024-09-09T10:28:02.706784+05:30

- Super.Money, backed by Flipkart, recently launched a co-branded credit card and plans to expand to six financial products targeting young professionals. - Founder Prakash Sikaria revealed plans to seek external funding in December 2024 to solidify its position in India's competitive fintech sector. - The platform has already launched UPI services, personal loans, and the superCard, with plans to introduce fixed deposits and credit lines via UPI soon. - Super.Money aims to differentiate itself with a streamlined user interface, appealing to young, affluent users in India. - Despite competition with PhonePe, Sikaria emphasized that Super.Money is a credit-first company, focusing on financial services. Source: [Inc42](https://inc42.com/buzz/flipkarts-super-money-plans-to-raise-external-funds-to-launch-fds-credit-lines-via-upi/)

Super.Money, backed by Flipkart, recently launched a co-branded credit card and plans to expand to six financial products targeting young professionals.
Founder Prakash Sikaria revealed plans to seek external funding in December 2024 to solidify its position in India's competitive fintech sector.
The platform has already launched UPI services, personal loans, and the superCard, with plans to introduce fixed deposits and credit lines via UPI soon.
Super.Money aims to differentiate itself with a streamlined user interface, appealing to young, affluent users in India.
Despite competition with PhonePe, Sikaria emphasized that Super.Money is a credit-first company, focusing on financial services.

Source: Inc42

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