INFINICUE SOLUTIONS PRIVATE LIMITED

In their own words

Infinicue Solutions Private Limited was incorporated on the 10th of April 2017. The company was incorporated with a vision to build an organization to offer tech-solutions simplifying the day-to-day activities of any individual or organizations, generate much employment, provide a satisfied ecosystem for the employees, customers, partners, vendors etc. The mission of Infinicue Solutions is to Simplify, Automate and Resolve the root cause problems of an individual or an organization which create more complexity in the day-to-day execution of his/ her activities. Taking the Vision and Mission further, the Founder – Mr. Deepak N Choodappanavar took up the challenge of conceiving and developing an idea which would be beneficial to each individual at all levels. The ever-growing rise in Cyber frauds, cybercrimes and data theft gave an inspiration and food for thought as to how one can tackle this problem. The idea was to provide a preventive precautionary solution rather than a reactive solution. A constant thinking and research on the card cyber frauds like card skimming, card theft, net banking, mobile banking, identity theft etc., which is rising constantly, is how the idea was conceived or how it was arrived at formulating “Expenstials”. “Expenstials” is a Super smart wallet made of genuine leather. It is a combination of a physical leather wallet, a mobile app and an embedded electronic device. Expenstials Super smart wallet is a “Security Suite” which takes the responsibility of securing all the bank cards of a user from card theft, cloning, skimming, shimming, SIM Swap, Digital payments, Net banking/ Mobile banking, Identity theft and last but not the least Data theft too. The physical wallet - Expenstails - is embedded with an electronic device which is constantly in handshake with the Expenstials mobile app. At any given instance if the user needs to make use of his/ her bank card, he/ she needs to remove the card from the Expenstials wallet slot, and once the card is removed from the slot, the Expenstials mobile app is informed about the removal. The Expenstials mobile app communicates to the Automated Multi Device Authentication (AMDA) server placed at the Issuing bank & the authentication server about a probable transaction. The geo-location and the presence of the user’s device (Wallet, Mobile/ Laptop) are checked and if the user does a transaction within a threshold time and a threshold vicinity of the device(s) then the AMDA server validates and allows the user to conduct a valid transaction. In case the AMDA server finds that the probable transaction is not a valid transaction, then the card is blocked temporarily but the user’s account is active. The user can unblock the card by placing the card in the respective slot. All the above actions happen at real time providing a preventive precautionary solution to card frauds. Expenstials Suite also provides an extensive features of personal ledger management which allows the user to manage his/ her personal finances – income, savings, expenses, balance his/ her expenses, taxation, health, loan – lend management etc. The founder and the co-founder believe that a balanced economy of an individual helps in the betterment of the nation’s economy and helps save individual and nation from any unwanted financial stress. With the conceiving of the “Expenstials – Super smart wallet”, Infinicue Solutions Private Limited envisions an opportunity of employment for atleast 100 people by the end of year 2019 in the field of software developers, embedded developers, ITI technicians in the scope of QC engineers and for line productions, stores incharge, sales and marketing, HR & admin, Accounts, front office, logistics, security etc. There is an opportunity for employment of tailors, masters, cutting specialists, logistics etc., from the leather manufacturing vertical, which is very important for the supply of physical leather wallets to make “Expenstials - Super Smart Wallet” and also huge generation of employment in the electrical/ electronic vertical to get in the required embedded components, switches, sensors etc. With the production and supply of the “Expenstials Super smart wallet”, other than generation of employment, there would be a huge creation of wealth for the nation from inside the country and also globally. The solution is conceived to save the banks from any liability at times of card frauds and also to save a user from any kind of illegitimate loss of money. The revenue projection projected by the end of year 2020 is about 10 Crores.

Written by the company on its public Startup India profile. Not verified by us.