Mobile App is The New Bank Branch
In this episode we have Vinay Bagri, founder of Niyo, one of the leaders in the Neo banking movement in India. Vinay shares fascinating insights on how young India travels, the opportunity size of the Travel tech market, why India hasn’t become a major travel destination despite having the best to offer.
We also cover Vinay’s journey from FMCG to Banking, The Impact of Regulations on FinTech, and large untapped opportunities in Fintech space.
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Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.
Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.
We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
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00:00 - Introduction
00:56 - From Water Bottles to Personal Loans
06:05 - The Rapid Evolution of Banking in the Last 20 years
09:41 - Mobile App is The New Bank Branch
14:57 - The Launch of Niyo
19:43 - Is Travel Tech a Big Market?
24:12 - Where & How Young India Travels
31:03 - How Powerful is Indian Passport?
39:02 - Why Aren’t More People Travelling to India
43:28 - The Good & Bad Of Regulations on FinTech
50:13 - Is IPL Good For Acquiring Customers?
51:17 - What’s Next for FinTech in India
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