Fincover invests 7 crore to develop Fintech App - Funding the Future of Fintech

livemint.com:

financial services company based in Chennai which was launched in the year 2020, to democratize finance and make it accessible to all, is all set to shift gears as they are preparing to launch their Fintech app. Finfortune is leaving no stone unturned working towards the launch of their Fincover app, a cutting-edge fintech application that is set to redefine the way you manage your finances. Packed with innovative and punchy features, the Fincover app empowers you to take control of your financial future like never before.

Packing multiple features into one such as financial planning, checking their financial goals, tracking your progress, and buying products that align with their financial goals, the Fincover app will be the way forward to attain financial safety and security. At present, they have invested over 7 crores in the development of the app through bootstrapping. Fincover offers more than 200+ financial products and has partnered with leading banks, NBFCs, Insurance companies, Fund houses, and other financial institutions to distribute their products to users who require them.

Users can use this platform to compare multiple products and buy the one that fits their requirements the most. According to a report by SEBI, only 27% of the Indian populace is financially literate, there is an increased need for financial literacy especially in tier 2 and tier 3 towns in India. A global pandemic like Covid 19 highlighted how much Indians were financially underprepared staring in front of adversity.