Company Market Research Report: 5nance
Company Overview
- Name: 5nance
- Mission: To drive positive transformation of financial lives for individuals globally, instilling financial stability and growth through an AI-backed, performance-driven investment advisory platform.
- Founded: 2010
- Founders:
- Dinesh Rohira, Founder & CEO
- Ajay Arjit Singh, Founder & Chief Business Architect
- Vivek Ghokhale, Co-Founder & COO
- Key People:
- Dinesh Rohira, Founder & CEO
- Ajay Arjit Singh, Founder & Chief Business Architect
- Vivek Ghokhale, Co-Founder & COO
- Dr. Chintan Vora, VP - Product Engineering
- Anil Chandnani, VP - Sales
- Abdul Shabdi, VP - Operations
- Deepak Kadam, Head-Technology
- Headquarters: Mumbai, India
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: An AI-backed wealth management platform specializing in personal finance, investment strategies, and insurance advisory.
Products
1. Algrow
- Description: A product designed to provide optimized growth in investments by switching between equity and debt funds as per market conditions.
- Key Features:
- Uses algorithms to predict favorable market switches.
- Provides freedom from manually tracking market highs and lows.
2. All Rounder
- Description: A comprehensive investment solution that offers wealth management through various financial instruments.
- Key Features:
- Transparency through own demat account transactions.
- Designed for novice investors with minimal market tracking required.
3. FinScore
- Description: A tool to check the health of individuals' finances.
- Key Features:
- Provides insights to help make informed decisions for financial improvement.
4. Insurance
- Description: Advisory services in insurance planning.
- Key Features:
- Custom-tailored insurance solutions based on individual needs and risk appetites.
5. Tax-Max
- Description: Tax planning and filing solutions.
- Key Features:
- Assists in maximizing savings through effective tax strategies.
Recent Developments
- Recent Product Launches: No information is available
- New Features: No information is available
- New Partnerships: No information is available
Technology and Innovation
5nance uses advanced technologies including AI, Big Data, and Robotic Process Automation to innovate traditional financial services delivery. These technologies help assess various aspects of the financial services domain, enhancing customer management, and enabling smart analytics.
Execution and Infrastructure
- API Integrations: Successfully integrated APIs with various financial entities such as AMCs, RTAs, brokers, insurers, and loan providers.
- Infrastructure Support: Offers a robust back-office system and smart customer management through CRM systems.
Outreach and Impact
5nance has engaged in planning over 4,450 financial portfolios, disbursed 1000+ loans, sold 1.5 lakh mutual funds, and 5000+ insurance policies, illustrating its impact and reach in the market.
Testimonials
- Sarita Mascarenhas highlights the convenience and transparency of the All Rounder product.
- Abu Fazal appreciates the user-friendly nature and safety from market volatility offered by the platform.
- Jatin Sirsikar commends the app’s all-encompassing feature set for managing investments according to personal goals.
Contact Information
- Registered Office: G 404, KRISHNA RESIDENCY, OPP DALMIA COLLEGE, MALAD WEST, Mumbai Suburban, Maharashtra, 400064
- Corporate Office: A 703/704, Eureka Towers, Mind Space, Malad (West), Mumbai - 400064
- Customer Support: +91-8048131677 / +91-7045577000
- Email: customercare@5nance.com
Conclusion
5nance is positioned as a pioneering AI-driven wealth management platform with a commitment to transforming financial wellness through innovative technologies and personalized financial products.
Note: Fields marked as "No information is available" indicate the absence of data in the provided content.
