FINQY, an innovative Indian FinTech founded in 2019 by entrepreneur Manish Aggarwal, has announced a new funding round of $2m, according to a report from IBS Intelligence.
The company, distinguished by its technology-driven solutions for financial distributors, focuses primarily on insurance, credit cards, and loans.
FINQY operates with a vision to revolutionize how financial products are sold, making complex choices more navigable for consumers. Its platform serves over 100 financial and banking partners, enhancing customer engagement and facilitating informed choices, thereby indicating a major shift in the industry’s approach to financial services.
The newly acquired funds will be directed towards expanding FINQY’s customer base and further developing its product suite.
Manish Aggarwal, founder and CEO of FINQY, said, “The confidence shown by investors and customers reaffirms our belief that we are on the right path to address key challenges in the financial market. In today’s information-rich environment, customers seek clarity amidst overwhelming and often inaccurate data. Our mission is to demystify financial services, making them accessible to everyone.”
Looking forward, FINQY has ambitious plans to attain unicorn status within the next 3-5 years. This goal underscores its strategy to become the leading aggregation platform for financial intermediaries in India. Upcoming projects include the development of ‘Q’, a personal finance manager app, and ‘Test My Card’, a credit card service, alongside ventures into investment and wealth management solutions.
In addition to these initiatives, FINQY remains a trusted partner for thousands of DSAs and financial agents, providing proprietary technology, training, and customer support to enhance their business growth in the financial services domain.
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