FinoZen

  • Bangalore, India
  • Financial Services

No need to keep money in bank accounts anymore, open a FinoZen account and earn upto 8.5% annual interest! No lock in and start with Rs. 100

Founded:
2015
Stage:
Early Revenues
Market:
B2C

Startup Video

Featured

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Personal Investments One Click Away: Finozen | Industry Stories

Jun 15, 2016

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Interview with Varun Gupta - Founder of FinoZen | Startup Kafe

Jun 13, 2016

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Product crack: Finozen | LiveMint

We never made FinoZen for a seasoned investor. There is a huge difference from an active investor to a passive one and we are trying to bridge that gap with our product. Mint seems to have missed the mark completely in judging us.

May 30, 2016

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FinoZen: A One-Click Platform for Laymen to Make Personal Investments | iamwire

May 30, 2016


Ideation

Founders started discussing on combining their knowledge & disrupt Fin Services

Jan

2015

Model Tested

Varun moved to Bang, launched B2B version of FinoTrust, tested with 30 IFA's

Jun

Pivoted

Realized that B2B model will not be viral, decided to move to B2C model

Aug

Incorporation and Testing

FinoZen idea struck, product development begun with consumer inputs.

Jan

2016

Customer

FinoZen launched, got it's 1st client who invested Rs. 1000! :)

Mar

Jobs


Team Summary

Varun – CEO of FinoZen is AMFI certified Mutual Fund Distributor and a graduate from IIT Madras. He is a Big Data Analytics specialist in Financial Services.
Shailesh – CTO of FinoZen is a graduate from IIM Ahmedabad and IIT Bombay with 20 years of exp. in Financial Services and Wealth Management Software.

Team


    • Shailesh Mehta

    • CTO

Product/Service Summary

Most of Indians aren’t regular investor that means that more often than not we have excess money in our bank account which is sitting ideally. FinoZen is an app to invest your excess money, safely securely and instantaneously! You can withdraw anytime without penalty, annual rate of returns expec. to be 8-8.5% and min. investments is only Rs. 100!

How are we different?

We have made the process of online investing in liquid mutual funds completely smooth and are targeting those segment of users who currently do not invest their money or invest only in FDs. This is a segment which is completely under-serviced or ill-serviced right now due to mis-selling. We aim to positively disrupt the way Indians have been saving

Product/Service Descriptions