New Delhi (India), February 17: OnFinance, the AI-powered investment technology company, has recently closed a pre-seed funding round with an undisclosed amount from HNIs & Marquee investors. The company's mission is to drive financial inclusion and solve information asymmetry by providing premium financial content and information to everyone, regardless of their country.
The OnFinanceapp offers real-time insights to users through advanced machine learning algorithms that analyze over 1 million data points from financial blogs, news sources, and social media conversations. Currently, the app covers over 2000 Indian stocks and 1500 cryptocurrency insights, with plans to expand to US stocks in the future. The app also integrates with various brokers and crypto wallets, making it a one-stop shop for all investment needs.
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OnFinance's success can be attributed to its talented team. CEO Anuj Srivastava(Alumni-BITS, Ex- HSBC, Barclays) leads the company and personally oversees product development, CTO Priyesh Srivastava(Alumni-BITS, Ex- JioSaavn) is responsible for the technology, Co-Founder Dr. Anshul Pandey(Forbes 30 Under 30) supports AI models and CMO Himanshu Saxena (Ex-TED, Insane AI & GradRight) with a background in marketing, psychology brings experience in marketing and growth.
The new funding will be used to continue to improve the user experience and expand the company's offerings to investors. OnFinance plans to remain a leader in the investment technology industry by providing advanced AI-powered insights and direct trading capabilities through its app.
The company has already seen significant growth, acquiring over 40,000 users in 100+ countries in just 4 months. OnFinance has launched various campaigns in several African countries to drive financial inclusion, contributing to almost 50% of its user base.CTO Priyesh Srivastava said, "Your passport must not limit your opportunities to invest and grow financially."
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In addition, OnFinance has recently launched a Women in Finance initiative to empower women to take up finance and is currently supported by 100+ women in finance ambassadors.
CEO Anuj Srivastava stated, "We are thrilled to have closed this pre-seed funding round, and we're excited to continue to grow and expand our offerings to investors. This funding will allow us to continue to innovate and improve the user experience and expand our offerings to investors. We are committed to providing the best possible service to our users, and this funding will allow us to do just that.”
Please visit: www.onfinance.in
