Rio

About Rio

The startup offers a fully digital UPI credit card that provides guaranteed cashbacks and rewards for every transaction, allowing users to make small payments without minimum spending and convert larger purchases into easy EMIs. This platform addresses the need for a seamless payment solution that combines the convenience of UPI with the benefits of credit card perks, all while ensuring no hidden fees.

```xml <problem> Traditional credit cards often come with hidden fees, interest charges, and complex reward systems, making them less accessible and appealing for small, everyday transactions. Existing UPI payment systems lack the credit benefits and rewards that many users desire. </problem> <solution> This startup provides a fully digital UPI credit card designed for seamless and rewarding transactions. The card offers guaranteed cashback on every transaction, eliminating the need for minimum spending requirements. Users can make small payments conveniently through UPI and convert larger purchases into manageable EMIs. The platform ensures a transparent experience with no hidden fees, combining the ease of UPI with the advantages of credit card perks. </solution> <features> - Guaranteed cashback on all UPI and non-UPI transactions - Earn 3 Rio Coins for every Rs. 100 spent via UPI - Earn 1 Rio Coin for every Rs. 100 spent on Non-UPI channels - Rio Coins can be converted to cash to reduce credit card bills - Complementary lounge access at select domestic lounges - Lifetime free card with no hidden fees or charges - Fully digital onboarding process with instant card approval - 50-day interest-free period - Exclusive offers and discounts on various brands </features> <target_audience> The primary target audience includes individuals who frequently use UPI for payments and are looking for the added benefits of a credit card, such as rewards and the ability to convert purchases into EMIs, without incurring hidden fees. </target_audience> ```

What does Rio do?

The startup offers a fully digital UPI credit card that provides guaranteed cashbacks and rewards for every transaction, allowing users to make small payments without minimum spending and convert larger purchases into easy EMIs. This platform addresses the need for a seamless payment solution that combines the convenience of UPI with the benefits of credit card perks, all while ensuring no hidden fees.

Where is Rio located?

Rio is based in Mangalore.

When was Rio founded?

Rio was founded in 2023.

Location
Mangalore
Founded
2023
Employees
30 employees
Looking for specific startups?
Try our free semantic startup search

Rio

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

The startup offers a fully digital UPI credit card that provides guaranteed cashbacks and rewards for every transaction, allowing users to make small payments without minimum spending and convert larger purchases into easy EMIs. This platform addresses the need for a seamless payment solution that combines the convenience of UPI with the benefits of credit card perks, all while ensuring no hidden fees.

rio.money3K+
Founded 2023 – Mangalore

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (30+)

No team information available. Click "Fetch founders" to run a focused founder search.

Company Description

Problem

Traditional credit cards often come with hidden fees, interest charges, and complex reward systems, making them less accessible and appealing for small, everyday transactions. Existing UPI payment systems lack the credit benefits and rewards that many users desire.

Solution

This startup provides a fully digital UPI credit card designed for seamless and rewarding transactions. The card offers guaranteed cashback on every transaction, eliminating the need for minimum spending requirements. Users can make small payments conveniently through UPI and convert larger purchases into manageable EMIs. The platform ensures a transparent experience with no hidden fees, combining the ease of UPI with the advantages of credit card perks.

Features

Guaranteed cashback on all UPI and non-UPI transactions

Earn 3 Rio Coins for every Rs. 100 spent via UPI

Earn 1 Rio Coin for every Rs. 100 spent on Non-UPI channels

Rio Coins can be converted to cash to reduce credit card bills

Complementary lounge access at select domestic lounges

Lifetime free card with no hidden fees or charges

Fully digital onboarding process with instant card approval

50-day interest-free period

Exclusive offers and discounts on various brands

Target Audience

The primary target audience includes individuals who frequently use UPI for payments and are looking for the added benefits of a credit card, such as rewards and the ability to convert purchases into EMIs, without incurring hidden fees.