indianmoney.com Bangalore | Indian Money Bangalore
IndianMoney is an online platform that offers free financial advice and education. The platform covers the categories of insurance, investment, loans, property, capital markets, mutual funds, loans and credit cards, mutual funds, and tax. It also features EMI calculators enabling individuals to calculate car, home, and personal loans. The company also offers a free mobile application, which is available for download on the Google Store. It enables users to access free financial advice, alerts, advice, and news right from their smartphones.
IndianMoney has multiple modes of operation. “We provide the Unique Service of Free Financial Education over the phone to anyone who needs it. All one needs to do is to give a missed call to our helpline number at 022-6181-6111 or fill up the online form on our website requesting for financial assistance,” says Sudheer. Their team of wealth doctors call back and provides financial education/assistance. They also provide free Financial Validation Services, where anyone who is about to finalize an investment and needs an expert second opinion can leave a missed call to their helpline number. “We can complete the circle by connecting the interested consumer to our registered associates. We do so only when the consumer expresses interest in checking out financial products that might satisfy his/her needs,” says Sudheer.
The revenue model is mainly dependent on generating leads for their associates. The consumer is not charged for the education, IndianMoney gets a 'referral fee' for every lead transferred. “We do not charge a 'success fee' and therefore remain unbiased in the whole process regardless of a sale happening or not,” says Sudheer. In terms of growth, the monthly revenue in 2011 was Rs. 2 lakhs, and now IndianMoney.com generates about Rs. 60 lakhs a month. The company also closed their first round of institutional investment in September 2013 from Hyderabad Angels.
IndianMoney is headquartered in Bangalore but has a pan India presence with their registered associates spread across the country. Currently, the team strength stands at 86 employees.
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