Thanks to advances in technology, the fintech industry has evolved tremendously in the last few years. Along with the fintech industry, digital finances has also found popularity among the tech-savvy youth. So, if you are a budding entrepreneur or someone who has just entered the workforce with bigger dreams and looking to invest, save, transfer and spend wisely, these 5 platforms can help you manage your finances SMARTLY!
moneyHop is India’s first cross-border Neobank offering full-stack global banking solutions. The Neobank is striving to revolutionise banking for millennials in India and globally. An RBI-authorised Full Fledged Money Changer (FFMC), moneyHOP is working with AD-I license holder bank and has also partnered with VISA to offer an effortless and seamless cross-border banking experience to Indians through its key product – HOPRemit, an instant, secure, cost-effective and paperless remittance solution for India outbound market. It will enable users to remit in four easy steps – select the destination, currency, and amount; complete a digital KYC; add recipient’s details; make the payment online – and the money is on its way within minutes. After receiving the funds, transfer instructions get processed immediately and money gets credited to the recipient’s account within 24 hours.
Upwards is a one-stop solution for all credit-wellness needs, particularly for lower-income segments of the society who are unable to avail credit from formal financing institutions. An RBI-registered NBFC, Upwards is committed to making the process of availing loans hassle-free through the incorporation of cutting-edge technology. For lower-income communities across the country, the process of availing loans is lengthy and often in vain. To bridge the credit gap, Upwards offers loans up to INR 2.5 lakhs that are sanctioned within 24 hours to salaried individuals across India. Catering to all sorts of credit needs, – be it salary advances, educational, medical, car down payments, shopping, etc., Upwards is looking to foray into the shopping segment and provide interest-free EMIs in the coming months.
Vivifi is a RBI-certified non-banking finance company (NBFC) enabling easier and more direct access to credit for the underserved communities in India. It offers sachet sized loans to customers who have the ability and intent to repay. Based on the loan repayments of these customers, the company then increases their credit limit to help them improve their credit score and eventually get access to larger loans. The Hyderabad-based company aims to achieve financial inclusion by making credit available for all deserving Indians without any bias, transcending the limits of location, literacy, monthly income and credit history. Their products such as FlexSalary and FlexPay aim to offer Innovative Financial solutions to customers across the Credit Spectrum, leveraging Technology and Data Science, with focus on underserved / unserved customers.
MoneyTap is India’s 1st app-based credit line that provides instant, affordable, and flexible credit of up to INR 5 Lakh. Democratizing credit by catering to diverse customer segments in multiple cities, MoneyTap is leading the way in creating a new category and revolutionizing credit lending in the Asian FinTech space. The company follows strict rules and protocols across all its processes, including collection of KYC details before giving access to credit. With a recent addition of their own NBFC license, and with working in association with only established RBI-Regulated partner banks and NBFCs they continue to stay committed to creating and offering the best-in-class lending products for customers and stakeholders. Here’s your friend-in-need for financial solutions in 2021!
5. InCred Wealth
InCredWealth is a world-class wealth management company based out of India catering to the needs of progressive Indian UHNI and HNI clients. Its product offerings include Investment Products ranging across Equity, Fixed Income & Alternatives, Offshore Investment solutions, Investment Banking solutions as well as Financing solutions. The full suite of services also includes succession planning, family office services, tax planning, and custody to structured products.