Episode 

Our Investment in Uni

October 6, 2020
3 Mins
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Our Investment in Uni

Host
Swapnil Basak
Analyst, Accel
Guests
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Host
Swapnil Basak
Analyst, Accel
Guests
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Our Investment in Uni
 Mins Read
3 Mins
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Host
Swapnil Basak
Analyst, Accel
Guests
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Summary

We are excited to announce our latest seed round in the stellar team at Uni. 

Today, less than 2.5% of the Indian population has a credit card. In a market dominated by incumbent banks, long-winded KYC processes and hidden fees further aggravate this problem. Even at this abysmal penetration, India sees over $100 billion in annual credit-card spends.

Retail credit bureau coverage in India has made significant strides over the last decade, examining over 300M new adults’ credit information. 

Uni

This has laid a solid foundation to build consumer solutions at scale. However, we estimate that only 35% of credit-eligible adults get access to credit today.

Uni


We have been on the lookout for exceptional teams passionate about unlocking access to new-age credit for India. Nitin and his team provide this in spades and as we spent time with them, we grew ever more confident about their ability to realize their vision. 

investment in Uni
The Uni Team. From L to R: Nitin Gupta, Prateek Jindal, Laxmikant Vyas

Nitin is a veteran entrepreneur, having co-founded PayU and headed Ola Financial Services in the past. With co-founders Prateek and Laxmi bringing their rich experience in financial services, we believe this team is best-suited to create something truly remarkable from this opportunity.

https://stsv2.webflow.io/content/heres-how-portea-leveraged-its-experience-in-high-quality-home-healthcare-and-rose-up-to-the-covid-19-challenge

We are delighted to support Uni as their journey unfolds and welcome them to the Accel Family!


Accel Investment in Uni
Shaking hands, remotely.
From L to R: Nitin Gupta (Uni founder), Prayank Swaroop (Accel), Siddarth Jain (Accel), Swapnil Basak (Accel) 

Related Articles:

  1. Our Investment in Slintel
  2. Investment in Virtual Cancer Care: Onco.com launches India’s first Virtual Cancer Hospital


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