JULY 2019 l ENTREPRENEUR l 49TechAPPS
SHOW ME THE MONEY
It is time to outperform the market with these money lending, crediting and
managing platforms. With professional financial help, three apps allow you to
apply for a paperless loan, invest in stocks or manage financial data. They allow
you full control and offer a customized action plan to multiply your money.
By Shivangi AsthanaMONEY VIEW
In 2014, Puneet Agarwal
and Sanjay Aggarwal
conceptualized Money View
in Bengaluru to provide fast
and easy loans upto Rs 5
lakh. The app gives access
to multiple loans and allows customizing of
payback period based on income and ability.
Sanjay says, “We do a 360-degree financial
view of the customer, noting liabilities,
cashflow, payment behavior and post-dated
bills.” For repayment, they use Paytm, UPI or
IMPS. The app is available in over thousand
cities in eight regional languages such as
Kannada, Gujarati, Hindi, apart from English.
The app gives a view of customer’s bank
accounts, credit card accounts, and loan
accounts in the first phase; it auto-categorises
spending into fuel, rent, food etc in the second
phase. And the third phase lets the user to set
a monthly budget. In partnership with ICICI
Prudential Mutual Fund they offer Savings+ and
Tax Saver+ features to save liquid money and
tax under the Green Account platform.Rating on Google play – 4.3/5
No. of downloads – 10 million +MONEY TAP
If you have been rejected
by the bank for the loan
too, this app offers a
solution. In 2016, Anuj
Kacker, Kunal Verma and
Bala Parthasarathy founded
Money Tap. They designed a personal credit
loaning app, focusing on middle income
group, (people earning Rs 30,000–50,000
per month). Working as a digital credit card,
the app allows you to pay interest and EMI
only of the amount that you use instead of
the total amount you loaned. Kacker says,
‘For loan capital, we have tied up with RBI,
HDFC and a few others. Through this app
we can balance expenses and earnings,
avoid penalties and high rate of interest.”
The app interacts through a chatbot
interface, connecting system to banks and
credit bureau to know the credit history of
the customer and then sanctions the loan
likewise. It is servicing clients in more than
30 cities including Delhi, Mumbai, Bengaluru,
Hyderabad and Chennai.Rating on Google play – 4.3/5
No. of downloads – 5 million +SMALLCASE
IIT-Kharagpur-minted
Vasanth Kamath,
Anugrah Shrivastava
and Rohan Gupta
started smallcase
four years ago to offer
the thematic stock
basket consisting of
Smart Cities, RisingRural Demand,
Incredible India, The
GST Opportunity etc.Kamath says,
“A middle class
person can invest in a
portfolio and doesn’t
have to check each
stock’s performance,
unlike the case in
mutual funds. It gives
complete ownership
of the stock.’’Smallcase partnered
with Axis Direct,
Kotak Securities and
others, to enable final
trade.Rating on Google
play: 4.4/5
No. of downloads:
50k+