Goal-based, SEBI-registered robo-advisory platform MintWalk (GetClarity Fintech Services) on Thursday announced a funding by Shachindra Nath, Ex-Group CEO of Religare Enterprises, through his investment and mentoring vehicle, Poshika. He has also agreed to be the Chief Mentor of MintWalk.
On the occasion, Nath commented, “Having built large financial services businesses from scratch, I am of the firm view that passion and commitment differentiate between success and failure in entrepreneurship. I found Nikhil and Shiv have real intensity to solve the problems of the investing world. Their goal-based approach is simple yet unique and their machine learning and analytical algorithms are quite strong. I am sure very soon this would be a market leading platform in India.”
Shiv Nandan Negi, Co-founder, MintWalk, said, “In a country with single digit penetration across financial products, we require a different strategy to drive financial adoption. We look at Shachindra's coming aboard as a validation of our approach.”
Nikhil Banerjee, Co-founder, MintWalk, said, “With guidance from Shachindra, we are confident of growing our business and creating a benchmark in the industry. Shachindra will contribute to MintWalk’s overall strategy and mentor us on building the platform and capturing the sizeable opportunity in front of us.”
MintWalk provides a clean, immersive, and non-intimidating user experience, which is focused on decision making and tracking the portfolio. A key feature that MintWalk provides is the periodic review of the user’s investments as and when he is moving towards his goal, and based on aberrations, the app suggests course correction or modification of investments, thus ensuring that the user does not waver from his goal.
Mintwalk combines world-class analytics, thriving on patterns, transactions, and feedback data allowing it to upgrade itself constantly and provide intuitive and relevant user experience. The app is live on Google Play Store (iOS/web version work-in-progress).