Letter # 71

Tell me the first thing you bought from Amazon and when. You can check it on the Orders page. Now try doing that for your brick-and-mortar shop orders. Can you tell? Neither can they.

Disney’s desire to own its customers drove them to start Disney+. Ant Financial took PayPal’s model and successfully morphed it into an online lending and wealth platform.

Indian fintech is trying to emulate that. But as of now, they are coming up short. Traditional banks know their customers far better than fintech.

Read the article in Economic times here: Fintech: Fintech is great. But not big enough to break banks – The Economic Times

Disclaimers:
Information in this letter is not intended to be, nor should it be construed as investment, tax or legal advice, or an offer to sell, or a solicitation of any offer to make investments with Buoyant Capital. Prospective investors should rely solely on the Disclosure Document filed with SEBI. Any description involving investment examples, statistical analysis or investment strategies are provided for illustration purposes only – and will not apply in all situations and may be changed at the discretion of the principal officer. Certain information has been provided and/or based on third-party sources and although believed to be reliable, has not been independently verified; the investment managers make no express warranty as to its completeness or accuracy, nor can it accept responsibility for errors appearing herein.