Fincover bootstraps 7 crores for its app – Launch expected in the first quarter of 2024

Says Naresh Rajaraman, Co-founder of Finfortune Financial Services, “We started Fincover to break the complexity around finance and make it simple and accessible to everyone. As a part of our objective, we are aggressively foraying into the mobile segment zone with our Fincover App. We have raised over 7 crores towards the development and marketing of the app. We aim to launch the mobile app around January 2024. As you are aware, AI and ML in Fintech have disrupted the way the financial industry functions and have become an inevitable part of the technology stack of every organization. We are using AI and ML for personalized services, to improve our customer services, and for fraud detection. Several cumbersome processes that involved manual processing can now be automated. So, both from an organizational as well as a customer point of view, it’s a win-win situation!” 

Further expanding on the features of the app, he added, “Fincover app would be a one-stop destination for all things related to Finance. Users can easily avail a range of loans and insurance policies from multiple lenders. It also offers a robust investment platform. Users can explore a range of investment options, from mutual funds to stocks and bonds, and make informed investment decisions”. 

Gurumoorthy A, Founder of Finfortune Financial Services, said, “We started this company amidst lots of uncertainty as COVID was at its peak. In this couple of years, we’ve exceeded what we expected with a 2x rise in Loan disbursals of 500 crores and an increase in the user base by 1 Million customers. We are rapidly expanding our operations as we sense an increased awareness of financial planning among today’s generation. We are optimizing existing processes and methodologies using technology to save time and money and exhibit profitability potential. Our target has always been serving the underserved segment, and with the launch of the Fincover app, we would get there”. 

In a world where time is of the essence and financial decisions can be overwhelming, this new fintech app offers a refreshing and comprehensive solution as it encompasses multiple facets of finance. The makers promise that the app will be available on both Playstore and Appstore and will be light on your device as well. By combining loans, insurance, and investments in one user-friendly platform, it empowers users to take control of their financial future in a much better way.

Manjunath Thimman, Director of Operations, says, “We have a pipeline of impressive innovations lined up for the next decade, and are we committed to investing big in deep technologies to facilitate seamless financial experience for everyone. The launch of the Fincover app would be a special moment for our company, and it’s particularly sweet for us as a bootstrapped startup”.

Stay tuned for the Fincover app’s official release, and get ready to embark on a high-powering financial journey toward financial empowerment and success.

For more information, please visit – https://www.fincover.com/

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