WelcomeI’ll keep this short and informative. Name of business, One line Description, and 2-3 bullet points of why I think its awesome.The 3 interesting businesses of the week are:1- Cred.club 🇮🇳Founded by Kunal Shah. The idea is to create a virtual credit card club for the 1% of India. They launched in early 2019, raised $256 million, and are already processing a billion dollars of payments. They have 5.9 million users and are currently valued at $806 million.The founder kanal Shah previously co founded mobile wallet service Freecharge.
CRED has the 1% of India as customers already.
CRED claims to process 20 percent of all credit card bill payments in India.
2- Leantech.me 🇸🇦Lean's developer-friendly APIs enable companies to build and launch cutting-edge financial products in the Middle East.Plaid for MENA
Raised $3.5m in seed round
3- Gogoro.com 🇹🇼Gogoro is a line of highly successful scooters in Taiwan, based on their advanced battery-swapping technology, which allows a quick and easy replacement with an immediate usage of the vehicle after it runs out of power.The company currently has 1,924 battery swapping stations, GoStations.
Expansion to additional cities and countries.I am still trying to figure out a good structure for this newsletter, but it won’t keep me from pushing out this first post.See you in two weeks.Namesake.substack.com