The company uses mobile phone data to profile and score customers and provide them with credit to fund online purchases such as ecommerce and travel. RedCarpetUp's current customer segment is young college students, and they aim to unlock credit to all of India in the future. The company is one of India's largest issuers to the new-to-credit segment, with nearly 2 lakh cards in 28 cities. RedCarpetUp is a #MakeInIndia startup that is disrupting the 2 trillion dollar credit/loans space in India while building deep tech.