TRUEWORK INNOVATIONS PRIVATE LIMITED

In their own words

Truework Innovations Private Limited is founded by three Tier 1 MBA+B.Tech alumnus (IIM Calcutta, NITIE, Delhi College of Engineering, NIT Bhopal) who have a combined experience of over 35 years in the top corporates of India including 5 BFSI companies (ICICI Bank, IDFC Bank, Yes Bank, Tata Capital, Piramal Securities). At Truework, we are building a neobanking fintech mobile application which aims at taking care of all financial requirements of a child throughout her journey. The mobile application will work like a one stop solution for both the parents and the children for all their banking and financial needs. The application comprises of three major verticals. The central pivot of the ecosystem is a savings bank account, which can be opened quickly through digital means without any paperwork involved. Verticals/Modules: 1. The investment module helps a parent to identify all goals of her child, automatically prompt the amount of money each goal would require and the tentative timeline of the goal. The module will then also share the best possible bouquet of investments to reach each goal. 2. The expense module works as a single point for all expenses that any parent has to undertake for a child as well as all expenses that a child does herself. when she has grown up. 3. The loans & insurance module works as a single place where the best insurances and loan products related to a child are made available. All such products can be easily availed through one click without any hassle. The entire idea has already been put on paper and we have started development of the mobile application. In parallel, tieups with all relevant stakeholders such as banks, mutual funds, loans, insurances have been initiated and are at different stages of closure. All necessary regulatory approvals SEBI, AMFI, IRDA and RBI are also being received gradually.

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