GalaxyCard

digital cards

FOUNDING YEAR: 2017
LOCATION: India
Last Update: 09/07/2020

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About

Galaxycard is a smartphone-linked credit card. It helps users to make offline and online payments. The firm has many reward programs which are linked to the credit card, which helps users to subscribe and earn points.

MEDICI Analysis

Galaxycard is a smartphone-linked credit card. It helps users to make offline and online payments. The firm has many reward programs which are linked to the credit card, which helps users to subscribe and earn points.

Focus

PRODUCTS & SERVICES

GalaxyCard is an instant credit card. While banks and other cards take 3-4 weeks to arrive, GalaxyCard is yours in 3 minutes and ready to make your first payment with it, in the 4th.

REVENUE MODEL

Our revenue model is the proven credit card model, where in we get a cut on each transaction, as well as, everytime a customer is late on their due payment. We also have additional revenue streams from the data we gather about a user's usage

MAIN CLIENTS

Retail consumers

Traction

ACTIVE USERS:

25000

People

FOUNDERS

Amit Kumar

Gunjeet Singh

NUMBER OF EMPLOYEES

1-10

INVESTORS:

India Accelerator

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Jun 2018

LISTED

NO

For Investors

FUNDING NEEDED:

$250 K

MONTHS LEFT WITH CURRENT CASH BURN RATE:

12 months from 14 Nov, 2018

BASICS

FOUNDING YEAR:

2017

LOCATION:

India

Views:

29 VISITORS | 57 VIEWS
TOTAL EMPLOYEES
1-10

About

Galaxycard is a smartphone-linked credit card. It helps users to make offline and online payments. The firm has many reward programs which are linked to the credit card, which helps users to subscribe and earn points.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Galaxycard is a smartphone-linked credit card. It helps users to make offline and online payments. The firm has many reward programs which are linked to the credit card, which helps users to subscribe and earn points.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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GalaxyCard

About

Galaxycard is a smartphone-linked credit card. It helps users to make offline and online payments. The firm has many reward programs which are linked to the credit card, which helps users to subscribe and earn points.

Focus

PRODUCTS & SERVICES

GalaxyCard is an instant credit card. While banks and other cards take 3-4 weeks to arrive, GalaxyCard is yours in 3 minutes and ready to make your first payment with it, in the 4th.

REVENUE MODEL

Our revenue model is the proven credit card model, where in we get a cut on each transaction, as well as, everytime a customer is late on their due payment. We also have additional revenue streams from the data we gather about a user's usage

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

Getting a credit card is a tedious, cumbersome, and overcomplicated process. In smaller cities/towns, it's even harder. GalaxyCard brings a mobile based credit limit to anyone with a few taps, in just 3 minutes. Getting a GalaxyCard does not need you to upload, print, or take photo of any documents; simply enter in your details to get started It's this reason that we are already serving customers in more than 500 towns across the country in less than a month from going live.

PRIMARY CUSTOMER TYPE

Consumer

PRODUCT ATTRIBUTES

Customer facing

People

FOUNDERS

Amit Kumar

Gunjeet Singh

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO, FOUNDER: Amit Kumar

CTO: Amit Kumar

FOUNDER: Gunjeet Singh

INVESTORS:

India Accelerator

India Accelerator

India Accelerator

India Accelerator

Momentum

FUNDED

NO

LISTED

NO

FUNDING SERIES