CashRich

wealthtech-retailinvestment platforms

FOUNDING YEAR: 2017
LOCATION:
Last Update: 05/07/2020

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About

CashRich is a smart mobile investment app for anyone seeking better ways to manage their money. It empowers users with an intelligent tool to track and manage their mutual fund investments in India. The app facilitates investment transactions and uses data mining for personalization. CashRich complies with SEBI regulations and helps in secure investment transactions with multiple fund houses. The Android version of the app is live on Google Play Store with 10,000+ downloads since its launch in March 2017.

MEDICI Analysis

CashRich is a mobile-based wealth management platform for individuals to manage their money. It empowers users with an intelligent tool to track and manage their mutual fund investments in India. The app facilitates investment transactions and uses data mining for personalization. CashRich complies with SEBI regulations and helps in securing investment transactions with multiple fund houses.

Focus

PRODUCTS & SERVICES

Mobile-based wealth management platform. It helps users to save for the short term to plan a vacation, to save taxes and more or save for long-term plans. It provides only relevant recommendations.

REVENUE MODEL

Fees from asset management companies based on AUM

MAIN CLIENTS

Individuals and investors.

EXISTING PARTNERSHIPS

The company has partnered with various banks

asset management companies

and financial services firms.

PRIMARY PROBLEM SOLVED

Saving time for banking operations.

Traction

TRACTION COMMENT:

The company claims to have around 90,000 users for its Android and iOS apps.

People

FOUNDERS

Sougata Basu

BOARD MEMBERS AND ADVISORS

Anindya Ghosh

Sayan Ranu

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Andrew Tombs

Noel Hayden

Robin Tombs

Momentum

FUNDED

YES

TOTAL FUNDING

$1 M

DATE OF LAST FUNDING

Nov 2018

TOTAL FUNDING COMMENT

The company will use the funds to future automate its flagship tech feature Dynamic SIP. (Nov. 2018)

SEED & PRIOR FUNDING

$1 M

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2017

LOCATION:

Views:

99 VISITORS | 188 VIEWS
LATEST FUNDING ROUND

$1 M

TOTAL EMPLOYEES
1-10

About

CashRich is a smart mobile investment app for anyone seeking better ways to manage their money. It empowers users with an intelligent tool to track and manage their mutual fund investments in India. The app facilitates investment transactions and uses data mining for personalization. CashRich complies with SEBI regulations and helps in secure investment transactions with multiple fund houses. The Android version of the app is live on Google Play Store with 10,000+ downloads since its launch in March 2017.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

CashRich is a mobile-based wealth management platform for individuals to manage their money. It empowers users with an intelligent tool to track and manage their mutual fund investments in India. The app facilitates investment transactions and uses data mining for personalization. CashRich complies with SEBI regulations and helps in securing investment transactions with multiple fund houses.

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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CashRich

About

CashRich is a smart mobile investment app for anyone seeking better ways to manage their money. It empowers users with an intelligent tool to track and manage their mutual fund investments in India. The app facilitates investment transactions and uses data mining for personalization. CashRich complies with SEBI regulations and helps in secure investment transactions with multiple fund houses. The Android version of the app is live on Google Play Store with 10,000+ downloads since its launch in March 2017.

Focus

PRODUCTS & SERVICES

Simple and powerful wealth mangement app for India

REVENUE MODEL

Fees from asset management companies based on AUM

TOP PROBLEM SOLVED

Helps to decide where and when to invest money. Also helps to open investment account without paperwork and transact digitally.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

User friendly mobile apps to help invest, withdraw and monitor portfolio

KEY DIFFERENTIATORS

Dynamic SIP with an Index Fund helps to invest at a cost 2% lower per year compared to regular mutual funds in India.

PRIMARY CUSTOMER TYPE

Consumer

PRODUCT ATTRIBUTES

SaaS

People

FOUNDERS

Sougata Basu

KEY EMPLOYEES:

CEO, FOUNDER: Sougata Basu

BOARD MEMBERS AND ADVISORS:

Anindya Ghosh, Sayan Ranu

INVESTORS:

Andrew Tombs

Noel Hayden

Robin Tombs

Momentum

FUNDED

YES

LISTED

NO