Mumbai, 7th August 2024: FINQY®️, known for revolutionizing the distribution of financial products, celebrated a significant milestone by securing $2 million in funding. This achievement reiterates FINQY®️’s unwavering commitment to advancing financial services distribution in India through state-of-the-art technology and strategic growth initiatives.

Manish Aggarwal

Founded in 2019 by Manish Aggarwal, a seasoned entrepreneur with over 25 years of BFSI sales experience, FINQY®️ stands out with its unique approach of utilizing technology to empower sales professionals in the insurance, credit card, and loan sectors through its innovative B2B2C business model.

With the support of over 100 financial and banking partners, it equips financial distributors as an advanced AI-powered tool, FINQY®️ and its other variations helps streamline complex financial decisions across credit cards, insurance, and loans but also significantly enhance customer engagement and facilitate informed decision-making, marking a significant industry shift.

FINQY®️ achieved a revenue milestone of $9.8 million in FY24. With ambitious plans to expand its customer base, and other sister product offerings, FINQY®️ aims to consolidate its position as a leader in the Indian fintech ecosystem.

Manish Aggarwal, Founder, and CEO of FINQY®️, expressed his enthusiasm, stating, “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.

I am excited that our efforts are making a positive impact, facilitated by technology that simplifies decision-making despite the myriad options available. Our vision is to revolutionize financial services distribution through cutting-edge technology and strategic partnerships. Looking ahead, we are committed to introducing additional tools that empower a wide spectrum of financial distributors and customers, aiming to simplify financial decisions and enhance accessibility.”

Over the next 3-5 years, FINQY®️ aims to achieve unicorn status and solidify its position as India’s foremost aggregation platform for financial intermediaries. Central to this vision is the continuous product & offering enhancement and expansion of domestic and international market presence. FINQY®️ is dedicated to transforming the BFSI landscape by integrating advanced technologies such as AI, machine learning, and data analytics into its platform.

FINQY®️’s forthcoming initiatives include developing Q™, a personal finance manager app and Test My Card – a credit card focused product. The company is also exploring getting into investment and wealth management solutions, reinforcing its commitment to innovation and comprehensive financial services.