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.
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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.