News Summary

• Jar, an Indian fintech startup that allows users to invest in gold, has turned profitable by helping millions of first-time savers.
• The four-year-old startup targets low- to middle-income users by allowing them to save in gold for as little as ₹10 (about $0.11) a day.
• That strategy has helped Jar reach over 35 million registered users across 12,000 zip codes.
• Two sources familiar with the matter tell TechCrunch that it is even planning to go public next year.