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- Jitendra Gupta is one of the most recognisable names in India’s fintech ecosystem. As the founder of Citrus Pay, and later, the MD of PayU (which acquired Citrus Pay in 2016 in what was the-then largest fintech M&A), he's built and scaled products that revolutionised the country’s digital payments industry over the last decade.
yourstory.com/2021/07/fintech-veteran-jitendra-gupta-jupiter-neobank-disrupt-bankingFintech veteran Jitendra Gupta outlines Jupiter’s vision of ...
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Experience: Jupiter · Education: ICAI · Location: Mumbai · 500+ connections on LinkedIn. View Jitendra Gupta’s profile on LinkedIn, a professional community of 1 billion members.
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- Why A Neobank?
- What Building A Neobank in India Entails
- Jupiter’s Present and Future
Jitendra was convinced that “Indian customers were fatigued with their existing banks, their processes, experiences, mindsets, and behaviour”. So, any service that was simpler, quicker, and different would be welcomed. Also, Jitendra wanted to build a business that would go beyond a transactional relationship with customers. Jitendra explains, “Bot...
India’s banking sector is so heavily regulated that building anything new is arduous. More so, if your long-term vision is to disrupt age-old banking systems. “It is impossible to disrupt an HDFC or an ICICI overnight.It will take ages to build that kind of trust. You have to constantly innovate to build that,” Jitendra says. Add to that the enormo...
Neobanking has primarily two segments: consumers and SMEs. While the likes of Open, NiYo, Razorpay X, Yono by SBI, etc. are competing for SMEs, which have historically been underserved by banks, Jupiter is laser-focused on retail customers. Last November, it released a micro-lending (‘Buy Now Pay Later’) app Bullet, which offers consumers small-tic...
Mar 28, 2022 · Jupiter is a relatively new fintech spearheaded by a veteran in the field — Jitendra Gupta. The new innovative neobank, after being in beta mode since June 2019, finally went online that very year less than 3 months after its trial run.
Dec 13, 2023 · Jitendra Gupta started Jupiter Money to address this issue, raising $24 million in its seed round from Matrix Partners, Sequoia, Greyhound, 3one4 Capital, and others. As the startup emerged from stealth mode, it secured an additional $2 million in funding from British venture capital firm Hummingbird Ventures and US-based Bedrock Capital.
Dec 18, 2021 · Jitendra Gupta is the company’s founder and CEO, Jupiter. Before starting Jupiter, he was the Managing Director of PayU for more than two years. Jitendra Gupta has previously started a company called Citrus Payment Solutions Pvt Ltd.
Aug 5, 2021 · Industry veteran Jitendra Gupta’s neobank for consumers in India — Jupiter — has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for its...
Dec 5, 2023 · Jitendra Gupta is the founder and CEO of the company, Jupiter. He was the Managing Director of PayU for more than two years before founding Jupiter. Prior to that, Jitendra Gupta founded a company as well, named Citrus Payment Solutions Pvt. Ltd.
