RedCarpet is a lending platform that addresses the lack of credit card access in India by leveraging alternative data. With less than 50 million credit cards for nearly a billion people, RedCarpet ethically collects and analyzes alternative data to provide credit line cards to individuals without prior credit history.
Driven by the mission to enhance credit accessibility, RedCarpet aims to revolutionize the lending infrastructure in India. By offering innovative solutions, such as credit cards and future UPI 2.0 credit instruments, they empower individuals to overcome financial barriers and gain access to the credit they need for personal and professional growth.
Here is my approach to the problem statements that particularly interested me.
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