FINQY, an Indian financial technology company started in 2019 by founder Manish Aggarwal, has announced a new USD 2 million investment, according to a report from IBS Intelligence.

In a fresh round, the funds were secured from Angel Bay India Accelerator, Family Offices, and private investors. In March 2022, the company raised USD 839,000 in its initial round from Anvita Varshney, AngelBay, and other backers.

The company is known for its technology-based solutions for financial distributors, focusing on insurance, credit cards, and loans. FINQY is a digital platform providing customers convenient access to a wide range of financial products and services. 

The platform leverages its advanced technology, comprehensive training resources, and dedicated customer support to effectively facilitate and expedite the growth of businesses operating within the financial services sector.

FINQY aims to change how financial products are sold, making it easier for consumers to navigate complex choices. Its platform is used by over 100 economic and banking partners, helping customers make informed choices and improving customer engagement. This shows a significant change in the industry’s approach to financial services.

The newly acquired funds will expand FINQY’s customer base and further develop its product suite.

Manish Aggarwal, founder and CEO of FINQY, stated that the investors’ and customers’ confidence reaffirms their belief that they are addressing key challenges in the financial market. They aim to make financial services less confusing and more accessible to everyone in a world full of overwhelming and often inaccurate information.

FINQY aims to become India’s top platform for financial intermediaries and achieve unicorn status within the next 3-5 years. They are working on developing ‘Q’, a personal finance manager app, and ‘Test My Card’, a credit card service. They also plan to enter the investment and wealth management sectors.

In addition to these projects, FINQY supports thousands of DSAs and financial agents by providing them with technology, training, and customer support to help them grow their financial services businesses.

The platform leverages its advanced technology, comprehensive training resources, and dedicated customer support to effectively facilitate and expedite the growth of businesses operating within the financial services sector.

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