Monday, October 5, 2020

Uni, a new startup by PayU co-founder Nitin Gupta, announces $18.5M seed round led by Lightspeed and Accel for "building the modern age consumer credit card" (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Uni, a new startup by PayU co-founder Nitin Gupta, announces $18.5M seed round led by Lightspeed and Accel for “building the modern age consumer credit card”  —  Even as close to a billion debit cards are in use in India today, only about 58 million credit cards are in circulation in the world's second most populous nation.



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Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (Yoolim Lee/Bloomberg)

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