What it sells
Indian full-stack bank offering savings account, fixed deposits, UPI, borrowing and a UPI credit card.
Business model breakdown
Buyer: who owns the budget?
UnverifiedIndividual retail account holders and small business owners (current account for businesses); each customer is their own payer.
Trigger: what makes them buy now?
Customers want a zero-balance savings account with daily interest linked to the RBI repo rate (5.50% p.a. shown vs about 2.75% at traditional banks) and a credit line usable through UPI.
Workflow: what inputs become what output?
Open a fully digital savings or zero-fee current account online (business current account in 10 minutes), earn daily interest, pay via UPI or UPI credit card, track spending by category, and borrow with slice borrow.
Economics: what it saves and how it charges
UnverifiedBank economics: interest spread on lending and credit card, interchange, fees; backed by Tiger Global, Insight Partners, Advent, Blume.
Distribution: how it reaches customers
App-led plus India's first UPI-led bank branch.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-09-03 | — | $100M | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-13.