Fintech Startup Finqy Bags $2 Mn Funding For Expansion

Finqy secures USD 2 million in funding. Founded in 2019 by Manish Aggarwal, an entrepreneur with over 25 years of BFSI sales experience, Finqy stands out with its unique approach of utilising 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 USD 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.”

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.