RedCarpet issues credit cards to those that banks cannot see. Currently we are one of the largest issuers of credit lines to the new-to-credit customer in India.
RedCarpetUp is a Y Combinator company in the Summer 2015 batch. Its directory entry describes it as: Credit cards for Indians that banks cannot see. The founder listed is Kartik Venkataraman (Founder) (Y Combinator directory entry, April 27, 2015).
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New accelerator entry · 2015-04-27 · the record
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RedCarpet issues credit cards to those that banks cannot see. Currently we are one of the largest issuers of credit lines to the new-to-credit customer in India. In a population base of 800 million people with bank accounts, there are less than 40 million credit cards. By building a fullstack SDK for card issuance, underwriting as well as holding capital & collection ops, we are looking to build the Capital One of India.
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Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News
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