Varun Mittal - Fintech Nation | Boleh Ventures

God grant us the serenity to accept the things we cannot change, the courage to change the things we can, and the wisdom to know the difference Serenity prayer

@ravihanda @randomusements @BlumeVentures This is simple free market, and often there are other considerations for example, bank partner has offered bundle deal cheap mortgage for employees, salary account setup for company, and ops person has more burning issues to solve than switch providers

Yes sure. They are free to choose whoever they want. However, this isn’t exactly a bank. Think of it like buying an iPhone from a shop. Will you buy from a shop in Jawahar Nagar or Amazon. If you are the president of Jawahar Nagar Shopkeeper association and you buy from Amazon, it is an issue.

Surprised that even @BlumeVentures behaves this way.

Went to a "gym freak" friend's place and was feeling so hungry, so I asked him to cook something, and he ended up making oats for dinner. 😭

@Paytm It doesnt work in Singapore, since it is hardwired to force customer to send international SMS which are not allowed for most SIM only plans and esim plans in Singapore.

Here’s how to use your Paytm UPI with your international number 🌍 Link your NRE/NRO account, start sending money home, pay at shops and more. Explore on the Paytm app now 🚀 Read more: paytm.com/blog/payments/… #PaytmKaro

Hello NRIs 👋 You can now use your international mobile number on the Paytm app for UPI payments with your NRE or NRO account. Send money home, pay at shops, or shop online on Indian apps and websites using Paytm UPI. Enjoy exclusive features like UPI statement download, spend tracking, hiding payments, checking total balance, and even creating an AI rap on your spends, all only on the Paytm app. 💙 #PaytmKaro

@ravihanda Only sparkles (phuljhari), no noise crackers allowed, no ladi etc

Will be in Singapore this Diwali with family. Do they have crackers? Some other recommended activities?

@DanteReminick Your grab app allows you to top up via stable coins , powered by triplea straitstimes.com/business/grab-…

Being in Singapore has made me realize that the greatest benefit of using stablecoins is not dollar access, instant settlement, or even yield. The single greatest benefit of stablecoins, and the reason they will rule the world, is that stablecoins are technologically agnostic financial mechanisms. Here's a short story to demonstrate what I mean. After traveling for 20+ hours, I landed in Singapore and, like a moron, accidentally hit cash pay when ordering my Grab (local rideshare). I did not have cash. I asked my driver if he took stablecoins, and he laughed at me. So, I had to get the front desk attendant at my hotel to pay my driver using a local RTP solution that is only accessible to folks with a Singapore Bank account. I then had to download the Wise app, fund it with my U.S account (which took 24 hours) so that I could reimburse the front desk attendant. The simplified flow of funds looked like this (see first picture). The reason that this transaction became so complicated (beyond the fact that I should not have chosen cash pay like a moron) is that money remains siloed within applications. For example, I could not have used my $ in my bank, my Venmo, or my Coinbase to send money to someone on Grab. ------------------------------------------------------------ Side note: THIS REALLY PISSES ME OFF I can email or text anyone in the world, regardless of what device they use, the internet provider they pay, etc. Why doesn't my money do the same? It is a reminder that there is a massive discrepancy between how money SHOULD work and how money DOES work. This discrepancy infuriates me like nothing else. ------------------------------------------------------------ Enter stablecoins. Stablecoins are technologically agnostic. They are pure, unbiased, unconstrained weapons of financial freedom. I can take any onchain form of currency and send it to anyone else in the world, even if I am using a Coinbase wallet and the recipient is using MetaMask. To take this one step further, I can even permissionlessly move this money across various settlement networks (chains) and token types as I please! Using stablecoins, the flow of funds from the story above could have looked like this: (see second picture) With stablecoins, application-level restrictions cease to exist, and money can move as it was designed to - freely and instantly. This core truth of onchain money connects the world's financial systems instantly and transparently. We all know how money should work, and now we have the tools to build it.

All I want for Christmas is my IRR and Body Fat % to come together to meet each other.

7/8 The financial landscape is being redrawn in real time. This isn't a cycle. It's a structural shift. Private credit is here to stay, and it's only getting bigger. Adaptation beats nostalgia in finance. Every single time. buff.ly/Yc0bfnV

6/8 What this means for banks: They're watching a $1.7 trillion market slip away while private credit AUM continues explosive growth. The question: Will they find a way back into the game they voluntarily exited?

🧵 The Great Credit Migration - Why private lenders are winning where banks are walking away 1/8 The numbers tell a story banks don't want to admit: they're losing the middle market lending game, and private credit is eating their lunch. Here's why this shift is permanent 👇

@os7borne Easier on SEO + buying domain names

What’s with the sudden surge of “alphabet+number” fund names?

🌟 We’re excited to share that our CEO, Janet Liu, was recognised in the Friends of Fintech category at Fintech65 last week, hosted by @FintechNation and @ThunesPayments . The event brought together standout leaders and ecosystem partners from across Singapore’s fintech community for an inspiring evening of networking and celebration. The recognition highlights CapBridge’s ongoing commitment to building a trusted, regulated, and innovative digital investment ecosystem. From advancing tokenized real-world assets (#RWAs) and digital funds to enabling broader access to global capital markets, we are dedicated to fostering collaboration and long-term growth within Singapore’s fintech community. 🙏 A big thank you to the organisers @VarunMittalONLN and team for spotlighting the contributions of industry builders and partners. We also appreciated the thoughtful sharing of Kenneth Gay from @MAS_sg at the event, reinforcing the importance of collaboration between industry and regulators in shaping the future of fintech. We look forward to continuing to support the growth of fintech and investment innovation together. #CapBridge #Fintech65 #FriendsOfFintech #DigitalInvestment #RWA #CapitalMarkets #Innovation #Singapore #FintechCommunity

@artijourno Not denying loan not same as approving a very small limit which is not worth defaulting to start a bad cibil score. Banks would just start offering say a 2k or 5k loan so they fulfil the requirement

If banks can't deny loans to first-time borrowers without a CIBIL history, where does that leave fintech lending platforms and NBFCs? If implemented in letter and spirit, such a move could deal a massive blow to their business models.

We’re taking the next step in building a truly integrated investment platform. 🚀 @CapBridgeSG is partnering with Singlife to deliver tailored life and health insurance solutions — offering SMEs and investors tools for both financial security and long-term wealth growth. As our CEO Janet Liu puts it, this is “an important step towards" building a "one-stop" digital investment platform, and "we are proud to offer Singlife’s trusted insurance solutions alongside our diverse investment products." @VarunMittalONLN , Head of Innovation and Ecosystem at Singlife, adds that this collaboration places “financial security and long-term wealth creation capabilities right where businesses and investors are already managing their growth.” With Singlife’s next-gen solutions and our integrated platform, we’re helping businesses and investors craft smarter, more comprehensive financial strategies with confidence. This milestone is also part of FOMO Group's (@FOMOPayOfficial, @CapBridgeSG , @1Xexchange) ongoing commitment to driving financial innovation in support of Singapore’s vision for SG60 — enabling a stronger, more resilient market for the decades ahead. Together, we are shaping the future of an interconnected financial ecosystem. Read more: lnkd.in/gUENFFFJ #CapBridge #Singlife #Partnership #Insurance #Investments #SMEs #FinancialSolutions

@deepakabbot They likely have a large book of low cost deposits at 3-5%, and need to acquire assets else the bleed from liabilities becomes untenable Mortgage assets have one of the lowest risk charges among other asset options, typically tactic deployed in transitory rate environment

A bank (tiny one) is offering to take over my home loan at 6.9% from 7.3% current😱 Their floating rate is repo rate linked. How will they ever make money on this loan? No pf, no foreclosure, no prepayment penalty included. This bank name rhymes with a Japanese manga character 😛

💡 Varun Mittal shares his thoughts on the next decade of #FinTech: Focused on scale, liquidity, and leadership. With a playbook to scale from 10x to 100x and a commitment to reskilling for an #AI-first world, the future is global. 🔈 Leave us your story: fintechfestival.sg/themes?&utm_so…

@ICICIBank @ICICIBank_Care in the peak income tax filing season, you decide to just block ability to access bank statements...... "Please try Again Later" Ridiculous !