Uni is a Bengaluru-based card startup that allows users to split their payments into three parts to be paid back over three months without any extra charges.

Basic Information

Uni offers ‘Pay Later’ loans via a Uni Card, which users can swipe at PoS terminals. Their flagship product is named Pay 1/3rd. Pay 1/3rd allows users to split their payments into three parts, which they can pay off in three months without paying any interest rates. Users who do pay off their total outstanding balance in one shot get rewarded with a cashback of 1 percent, which goes a long way to incentivising more people to pay back as soon as they can. Uni plans to launch additional features such as letting users divide their transactions into longer-term EMIs, as well as enabling ‘scan and pay’ on the app soon. It highlights that any late payment, delivery and related fees it levies on the user are transparent, and disclosed beforehand. See more

Headquarters

:

Bengaluru, Karnataka, India

Founding Date

:

2020

No. of Employees

:

41 to 60

Core Team

:
1.

Nitin Gupta

Founder & CEO

2.

Laxmikant Vyas

Co-Founder

3.

Prateek Jindal

Co-Founder & CPO

Funding

Investors

:

1.

Accel

2.

Lightspeed India Partners