Mumbai: With the integration and enhancement of technology, users are exposed to a much more connected environment where everything is readily available at the click of a button.
From ordering food from a restaurant down the block or booking a cab to go home— technology has improved our lives beyond imagination.
However, in this new world order, the question of 'How do I grow my Money' has still not been touched with technology. Individuals still scramble to find the right advise on our investments and making an investment account is still a painful experience where it can take anywhere between 7-60 days to open an investment account.
Well, not anymore as Wealthy, an investment consulting company, identified this gap and built a cutting-edge advisory and transaction platform to build an amazon-like experience for the digital generation of India.
Wealthy launched its first product, tax-saving investments, in the month of February 2016. With this product, they have reduced the complex task of planning and making tax-saving investments to a few clicks. It is as easy as taking a selfie, literally.
Talking about the platform, Aditya Agarwal, Founder, Wealthy.in said, “We launched in the first-week of February and so-far the feedback from our users has been very encouraging. Our users, ranging from 1991-born first-time investor to a 1944-born seasoned investor, have appreciated the simplicity of entire experience."
"We have seen good traction from employees of startups like InMobi, Chaayos, Vedantu, Zopper, Exotel etc. who used Wealthy.in to complete their tax-saving investments for the year. The most satisfying part has been the experience of first-time investors who used our instant-KYC tool to complete their investment from the comfort of their home, he added."
An easy-to-use, tech-driven solution is the firm’s top priority. The company’s vision is to serve even the smallest investor who might want to begin with an investment amount of just Rs. 500.
“To this end, we are building a paperless and branch-less organisation. We have already reduced the industry average of Rs. 2,000 per KYC to nearly zero,” added Agarwal.
The platform helps individuals assess their unique situation and advises them to invest in an algorithmically-selected basket of mutual funds. Wealthy is the first and only truly paper-less financial services company of India. One can literally start investing with them in 3 minutes. From choosing investment options to actually completing the investment, its Just 3 minutes from the comfort of your home / office.
This is just the beginning as Wealthy is building deep machine-learning algorithms that will learn about its users by asking simple questions and then make them smart recommendations. Their vision is to make the smartest financial advisor in the world available to all of us on our finger-tips.
