Y Combinator-backed Invoid joins Credenc, a Capital India company to build Neobank for students


Y Combinator-backed Invoid joins Credenc, a Capital India company to build Neobank for students

Founded by Sarthak Goel and Kunwar Raj Sethi, Invoid simplifies customer onboarding and digital KYC through its technology product. The company has secured user onboarding journeys for over 50 financial companies so far.

The surge in claims and the attendant payouts that both life and medical insurance companies faced this fiscal has led to a steep 30% rise in premiums as reinsurers look to recover their losses. Though insurance premiums in India are still lower compared to many markets, the hefty premiums could impact demand at a time when awareness for life and health insurance is high.


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