Sudhanshu Shekhar
@sudshekhar02
CEO & Co-founder @ Cheq - A digital wallet for NRIs and expats visiting India
Why & What of @Cheqit_
The why and what of Cheq ( @cheqit_ )
π
#fintech #comingsoon
Tl;dr: Cheq gives you up to Rs 30k limit for spending anywhere
With us, you get:
β
Greater convenience: One-tap payments everywhere
β
Better rewards (0.5 - 4%) , Great offers
β
15-45 day zero interest repayment cycles
Follow @cheqit_ if you want early access
UPI timeouts - how painful are they?
Do you hate it when a #upi payment gets stuck? Money is gone but merchant didn't get it?
Here's a little bet for you:
1) Pay me 50 rs today
2) Try out our app for the next 3 months #joincheq
3) Earn 100 rs instant cashback each time your payment isn't completed within 1 min.
Which payment instrument do you prefer to spend by?
Debit => bank accounts, paytm wallet, etc
Credit => Cards, credit lines, bnpl etc
Identifying failed experiments and eliminating them from your product is as important as launching new features.
Product debt is as real as tech debt (just less often talked about)
#productmanagement
Fund raising advice for the early stages
Investors will reject founders if:
1) They feel the idea is too improbable/likely to fail
2) They feel the price in current round is too high.
And this is true for your neighborhood uncle as well as the institutional VC twitter.com/thakkar_puru/status/1451417475992616967
If you're facing rejections repeatedly, figure out what's the problem (generally it's step 1).
Then STOP pitching to new investors.
Identify people who can help you reduce the uncertainty around your business.
These can be customers, partners or *strategic* advisors
A well-designed app is like a fancy restaurant.
I will talk about it.
But if the food(/underlying service) sucks, I am not coming back.
#productmanagement
Humse hai zamana, hum zamane se nahi
Are you a resident of your country?
Or an element in the very fabric of your country?
First are called Indians/America/..
Second are India/America/.. themselves, just smaller in size.
Don't see much difference in the two?
Ownership, accountability and attitude
When you're an employee in your company, you do your job, take your pay and go.
When you're a stakeholder in your company, you work longer and do stuff for free. Also get more rewards
Ideas on growth
Your salary and designation are lagging indicators.
People become promoted AFTER demonstrating the capability to teach/lead/relate with colleagues.
Focus on demonstrating your abilities, external rewards will automatically follow.
How to demonstrate abilities?
1) Projects: Do as many of them as you can. Can't stress this enough.
Want eng -> product transition?
Build a couple of side-projects. Your resume will stand out
Want IC -> Manager transition?
Organize a team activity [hackathon, volunteering]. Keep doing it.
E-rupi Launch announcement
I am late to this party but wohooooooo πππ
UPI e-vouchers will change the world of Direct Benefit Transfers (and gift cards) forever.
Read π to understand how (1/10) :
#upi #payments #fintech #DigitalPayments twitter.com/narendramodi/status/1397867220303159297
(2/10) GOI's press release explains E-voucher as a 'digital payment option which enables financial transactions linked to a specific purpose which can be used only by the intended user'
What does that mean?