Finhaat has launched Finhaat Wealth, a digital wealth management platform designed for distributors and end users. The platform seeks to simplify wealth management for aspiring investors, offering products like mutual funds and digital gold.
Drawing from its success in the insurance sector, where it built a network of 200 partner institutions and facilitated over 60 lakh policies, Finhaat aims to create a new wave of micro-entrepreneurs as wealth distributors. The platform offers digital onboarding, comprehensive training, and 24/7 support to ensure distributors can confidently engage with emerging investors, especially in rural and semi-urban areas with limited financial awareness.
In its first year, Finhaat Wealth plans to onboard 100,000 clients, expand into 10% of India’s pin codes, and empower 2,000+ distributors. By year three, it aims to cover 50% of the country’s pin codes and engage over 20,000 distributors, driving financial inclusion.
Vinod Singh, Co-Founder and CEO of Finhaat, highlighted the platform’s mission to provide simple and accessible wealth management solutions to India’s aspiring middle class, facilitating their financial security and long-term prosperity.
