Juggling numbers is not everyone's cup of tea but still each and every one of us has to go through this ordeal because we have to manage our finances.
BestDealFinance is an online 'Financial Tech Super mart' which helps people make informed financial decisions and provides an end to end fulfillment to all their financial needs. It does so by offering them a wide range of financial products and services.
BestDealFinance has recently raised raised $3mn in Series A funding led by Kalaari Capital with participation from YourNest Angel Fund, Globvestor & Dexter Angel Circle in Sept, 2015.
The Mumbai-based startup claims of being one of the largest financial online market available in India at the moment. Its customers can choose the best suitable deal to them across a wide range of financial products such as insurance, credit cards, SME advisory services, construction financing and loans.
It also boasts of having the largest bouquet of loan options available for its customers. From personal loan, education loan, two wheeler loan, car Loan, home loan to loan against security, business loan, loan against property, they have it all.
The startup which keeps the best of all its customer at its heart, has an integrated network of affiliation with 35 renowned financial institutions so that it can offer a wide range of choices to its customers.
So far through its platform BestDealFinance claims to have disbursed approx. Rs.150 crores of loans, so far.
To all those people confusing Bestdealfinance.com with an aggregator, the startup offers services much more than what an aggregator normally provides. It is basically a FinTech company that offers end to end solutions to individuals as well as Bank/NBFCs. It is in no way a lead selling model.
Some of the qualities that distinguishes Bestdealfinance.com from any other platform in its domain are as follows:
- End to End fulfillment – It is not a lead selling platform but a disbursement focused model.
- Only online platform focusing on MSMEs
- Technology-Platform: System Integrations – Policy digitization and Rule Engine to facilitate the process of online loan approval
- The startup has a unique business associate network. A business associate is basically an influencer who provides free advice to consumer and friends. Such a network helps the startup in reaching out to each and every consumer segment and tap into customers even before they starts their journey for financial need.
BestDealFinance.com was founded in 2014 by Manavjeet Singh, who is also CEO of the company, and Sandeep Nambiar (ex-Wipro executive), with a vision of bring transparency and revolutionising the customer experience with help of technology in the financial services domain. Having an experience of more than 25 years in the field of banking and finance, Singh is a veteran banker and a well known name in the industry. Sandeep on other hand is an electronics engineer by profession with over 10 years of experience with over 10 years of experience in driving both, web and mobile technology related projects.
Currently, the startup is functional in Mumbai, Delhi, Kolkata and Pune. They soon plan to expand their operations to Bangalore, Hyderabad and Chennai with Bangalore being their tech centre.
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