5 FinTechs that are promoting financial independence in India

By Leandra Monteiro

August 12, 2022

  • Clix Capital
  • digital loans
  • and money

FinTechs are altering the way the people of India bank and manage transactions to improve financial inclusion for those without substantial financial resources. In addition to serving the unbanked, FinTechs help ordinary people find ways to borrow, save, invest, and manage their money using technology and financial education.

Here is a list of the top 5 brands dedicated to improving the financial industry by ensuring financial independence. They can help anyone save money, build savings, get better student loans or rental insurance, or invest in unconventional assets.

and money:

Financial independence is an achievable goal if you are able to increase your residual income by making sound financial decisions that are backed by diligent calculations. And investing seems to be the first step to achieve it. Recognizing the complex labyrinth of the investment world, ET Money empowers its users with a variety of investment strategies that are aligned with their risk tolerance and investment horizon. Through its various tools, such as the ET Money Fund Report Card, Investor Personality Assessment, and Portfolio Health, the company is on a mission to tailor wealth-building journeys for each of its users. With its recently launched ET Money Genius personalized investment solution, the company has ushered in a paradigm shift in the world of investing by removing all the guesswork and maximizing returns based on a person’s risk appetite, paving the way for Indians to become financially independent.

mPokket: After making its presence felt by providing low-cost personal loans to students, the company expanded its portfolio during the pandemic, catering to the financial needs of salaried professionals. Borrowers can avail loans ranging between Rs. 500 to Rs. 30,000, with the amount instantly credited to the user’s bank account or digital wallet. And the best part is that you don’t need to put any pressure on yourself to provide any guarantees. You can return it within three months at your own convenience. mPokket’s mission is to improve the lives of underserved people who do not have access to credit and who lack access to financing from traditional financial institutions by providing instant access to cash for urgent needs.

FamPay: With FamPay and its myriad prepaid cards, kids can effectively make online and offline payments without having to open a bank account. FamPay believes in raising a new generation of financially literate Indians who are capable of making decisions that are in their best long-term interests and who understand the principles of personal finance.

Clix Capital: Clix Capital is a new age NBFC, revolutionizing the lending space by offering differentiated digital lending products that are powered by technology and deep analytics. It offers a range of credit products to a diverse spectrum of clients in the MSME and consumer segment, including personal loans, MSME loans, health care loans, mortgages, and financing for K-12 schools. This smart, contemporary company is making lending simpler, faster, and more affordable with the help of technology. Now you can take advantage of easy loans with minimal paperwork and most importantly, with maximum peace of mind.

LXME: LXME is the first financial platform for women in India. At LXME, women are given the means to take control of their lives through interactive online and offline classes, goal-based calculators, a forum for open conversations, and access to curated financial portfolios. LXME has created an ecosystem for women to be financially independent and empowered to manage their money because it believes that all women should strive for financial freedom.

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