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.
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
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