Kredent InfoEdge Pvt. Ltd, a leading financial technology company based out of Kolkata recently launched their goal-based financial planning app, Kredent Money, at a seminar here, focused on stock markets, organized by the company in association with investment brokerage firm, Motilal Oswal.
The seminar was conducted by ace investor Ramesh Damani, which was followed by the launch of Kredent Money. Apart from Mr. Damani, the seminar also saw Kredent InfoEdge founder Vivek Bajaj and Chandan Taparia, marketing expert at Motilal Oswal addressing the guests gathered at the event.
In the initial stages, ‘Kredent Money’ will offer goal-based financial advisory and transactions in mutual funds and then gradually add other financial instruments to the application. The app will be available across both Apple App Store and Google Play Store. The app will allow users to share their financial goals and also receive personalized artificial intelligence (AI)-driven advisory for free.
In order to help cultivate more engaged investors, the app will recommend investments in regular plans of all categories of mutual funds, including equity and debt schemes. The app will also let users choose amongst a plethora of different plans like ‘Education’, ‘Marriage’, ‘Be Wealthy’, ‘Vacation’, ‘Car’, ‘Buy a Home’, ‘Start Business’.
One can start investing in the plan of their choice from within the app, which is registered with Association of Mutual Funds in India.
Commentating on this launch Ramesh Damani, a prominent investor who is also a Series A investor in the company said –
Kredent Money is a completely transparent system. You can track and manage your investments from within the app. What’s more, it contains knowledge content for users to learn about goal planning for free.”
Further speaking on his company’s latest product, Vivek Bajaj, founder of Kredent InfoEdge added –
Amid the rising demand for higher returns in slowing markets, retail investors can now find an unbiased and personalized advisor. Kredent Money is your personalized robo advisor that uses its algorithms to understand your goals, analyse the market and recommend financial instruments to meet those needs.”
Kredent InfoEdge is amongst the forerunners in the investment space and looks to simplify investing for all citizens across the country, being able to successfully democratize financial information since its inception in 2008 through different products like – Kredent Academy, Elearnmarkets.com and the StockEdge App.
The decade-old company currently has one million plus downloads for StockEdge and 150,000+ registered users in Elearnmarkets. The company is now preparing for its Series A round to strengthen its offerings.
Mr. Ramesh Damani has been a Pre-Series A investor in the company.