Kunal Shah on innovation
From This Practice Can Completely Change Your Life - BeerBiceps & Kunal Shah | Yoga Nidra | TRS Clips 953 · · Life Of BeerBiceps
“When you relax a lot of these regulations on how innovation should be done in the field of humans, we will see a lot of progress, right? Uh other thing that is likely to happen is connectivity and communication, right? What work from home did is figured out a way that we can now connect with the global world without really meeting them, right?”
On , Kunal Shah, Founder at CRED, spoke about innovation during This Practice Can Completely Change Your Life - BeerBiceps & Kunal Shah | Yoga Nidra | TRS Clips 953 on Life Of BeerBiceps.
About Kunal Shah
In a recent interview with CNBC TV18, Kunal Shah discussed CRED's receipt of a payment aggregator license, stating that at scale, "even smallest optimization, be it on cost or performance, makes a huge difference." He said the license allows the company to build its own infrastructure and more reliable systems. Shah noted that CRED is deploying 30-40% of its payroll into new products, betting on a 2-4x expansion in revenue per user over the next decade, and added that "any company can be profitable if it stops building." Shah described financial services as a "fundamentally more profitable" category that is also the most regulated, which he said allows for a "significantly higher runway." He called going public the "most overrated" trend in fintech and "building high-trust institutions" the most underrated. Shah remarked that "the business of money is business of trust" and that it is "significantly easier to build profits by letting go of trust." He also expressed a belief that within 5 to 10 years, every asset in the country should be tokenized, allowing customers to borrow at lower interest rates through secured assets.