FinTech Company Investment Opportunity in Bangalore, India
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Run Rate Sales||Nil|
|Local Time||1:40 PM Asia / Kolkata|
|Listed By||Advisor / Business Broker|
40% - Payroll.
10% - Operations.
- Voted Top 50 Tech Companies by yourstory in 2021.
- Backed by marquee investors such as Kunal Shah (CRED fame) and Shradddh Sharma (of Yourstory fame)
- When it comes to purchases, we all save in some instruments, but most of us don't do it consciously. We use credit cards or bank savings to make purchases (with returns less than inflation, we are losing money). This leads to less-than-optimal consequences and, in some cases, debt traps. Essentially, we have a gap between our savings and our expenditures.
- The business connects our savings with our spending by helping users to plan and save up for a future spend and in the process get 5X more value than spending from our bank savings.
- We have partnered with 100+ brands across many categories - Croma, Yatra, Kalyan Jewels, Vedantu, Livspace, Ather, Wakefit, and more.
- Also, through its rewards platform, which features 200+ companies, we provide instant gratification to savings by allowing users to redeem the reward points (Mbits) they earn every time they save on the app.
- For the partner brands, we are a new customer acquisition channel- a system to get advance cash flow and a committed future customer. We also act as a system to target window shoppers.
The company is a 1st of its kind unique app that lets users save for their upcoming spending (travel, furniture, gadgets, insurance premiums, wedding, and more) to get over 5X value for their money.
- Connects a consumer's saving with their spending.
- We achieved the 5X value through 2 unique models -
1. Brand Saver: save directly with popular brands for a future purchase and an assured discount AND.
2. Market Saver: save in curated market instruments (MF, Digital gold, P2P, Equity) and tag it to the brands to get superior returns while saving and best discounts while spending. We have partnered with 20+ brands across many categories - Croma, Yatra, Kalyan Jewels, Vedantu, Livspace, Ather, Wakefit, and more.
- We also provide immediate pleasure to savings through its rewards platform, which features over 200 companies and allows users to redeem the reward points (Mbits) they earn when they save on the app.
All employee laptops (25+) are MacBook Pro / MacBook Air and owned by the company. These are the only physical assets we hold.
The company operates on a leased premise in Bangalore.
Earlier than 15 daysPartner, Business Advisory, Mumbai, Individual Investor / Buyer connected with the Business
Earlier than 15 daysMD, Marine Management & Repairs, Dubai, Corporate Investor / Buyer connected with the Business
Earlier than 15 daysOwner, Real Estate Agency, Violet, Individual Investor / Buyer connected with the Business