Sector Context
Startups and NBFCs sit at opposite ends of the same regulatory spectrum. A startup's early compliance needs — incorporation, financial hygiene, investor-readiness — are foundational but forgiving of some informality. An NBFC has almost none of that latitude: RBI registration requires a defined net-owned-fund threshold, a five-year business plan, and background-checked promoters, followed by an ongoing regime of quarterly and annual RBI filings. Fintechs building lending or payment products layer PMLA/KYC obligations on top of that. What connects the two is that both need an advisor who can move at the pace the business does.