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Testimonials!

Thanks to TRHS; FINQA is born!!!

Thanks a zillion to the cup that was full to the brim, it helped me find a co-founder for my venture.

The TRHS community has truly been worth what it was started for –inspiring, sharing, networking, helping, learning, and connecting entrepreneurs.

It was last August that I began my entrepreneurial journey to bridge the gap I found in the services offered in the Personal Finance Domain. Our everyday decisions are related to our money and yet understanding personal finances can be such a daunting task to most of us. Lack of Financial Knowledge and a huge information asymmetry between buyers and sellers in this space has made things worse.

Here are some conversations on money I occasionally overheard:

  • Where should I invest my money? All I care is getting the highest returns.
  • Which credit card should I buy?
  • I’m confused over which loan to pay first!
  • How do I trust this insurance guy?
  • What? Mutual Funds? What are they? I just remember that disclaimer that comes during the ad commercials – Mutual Fund investments are subject to market risks..
  • My dad asked me to start something called SIP and opened an account for me… my money just goes into that automatically every month. That’s all I know.
  • It’s February now & come to think of it I haven’t thought of any tax saving thingie. I’ll probably just buy that insurance my neighbor uncle was discussing the other day..
  • OMG! And, finally I get my coveted degree… but who knows that I still stand financially illiterate today.

So while I was learning a lot of stuff from the net, from different books, via friends & family a co-founder is whom I truly needed. I was faltering at many places and was looking for the right guide to help shape & present my thoughts better. I had many interactions with different people and though each was a learning experience in its own way, however there was no concrete result.

It was the 27th of December, and I had decided to seek help from Abhik. After a brief discussion with him and a mail along with the Business Idea presentation sent to him we agreed to meet on the 31st. During the first meeting itself, the initiative resonated with him completely and another couple of meetings and we were in the same boat.

What a way to start the New Year! I’m sure Abhik will agree…

After a lot of brain storming we settled on Finqa (we decided to rename GreynGreen ). Finqa is short for Financial Questions Answered among other things 🙂 Along the way, we found our third partner in the Finance domain. Ankur who had begun his tread on a similar path a year ago used to co-work from Abhik’s office initially and when he heard about the plan for Finqa, he was equally excited.

Our mission is to improve financial literacy and awareness in India, and disrupt the financial advisory business a bit. Today, its a bit disorganized with very few fee-only players and mostly banks and agents pushing products which earn them the most commission. So without further ado, we present the beta version of Finqa(for your comments, feedback, bouquets / brickbats).

It will be great if you could have a look and let us know what you think of it.

Ohh, just BTW, we could soon start TRHS series on “How I met my co-founder/ my programmer/ my first client/my VC”

Thanks a ton to Alok Sir, Asha and all the members who make this community such a vibrant and interesting space.

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6 Comments

  1. wow!

    many many congrats sunaina!!

    and to think i thought i was one of the few people who thanks that cup full to the brim!!

    this is so awesome. pls add #HowIMetMyCofounder at the bottom sunaina – let’s see how many such amazing stories we get! i had once proposed a section called Jab We Meet for stories about rodinhooders meeting rodinhooders JLT (but i like your idea better!!)

    http://therodinhoods.com/forum/topics/e-for-everything

    ps: i love the idea behind FINQA – i usually go through similar questions you have mentioned! all the very best! 

  2. thank you very much Asha

    I’m sure each and every Rodinhooder thanks that cup at some point and also that the cup’s owner had a wonderful friend :))))))

    Finqa is to help answer these questions that have never been taught to us. So hope it helps all such souls like you..

  3. Hi Sunaina

    All the best for Finqa. This industry needs quality young talent.

    Regarding the website – Looks good overall at beta stage. Some comments:

    • On home page, you should have a Call to Action. Right now, it is in the bottom right and may not provoke all website visitors unless its really screaming out loud to contact you
    • The pricing is transparent which is good.
    • I checked few blogs. The topics covered are good. Add some social sharing plugin so that people can share if they wish.

    Also checkout http://www.futureadvisor.co.in. It may interest you.

    Ronak

  4. Mast, 

    Congrats Sunaina, 

    Must sharable Kahani 🙂  I would like know bit more like, how cum you thought about the idea of personal finance management? What kind of difficulties you faced while thinking/executing it? and What will be your target market?

    – Abhishek 

  5. Thanks Ronak for your wishes

    yes totally agree with you on the social sharing plugin & just included that… a transparent pricing was imperative because we pride ourselves for being fee-based advisors and not product pushers :))

    your website is quite interesting; will go though in detail & discuss with the team and get in touch with you guys

  6. Hi Sunaina,

    Here is wishing your team & you the very best for the venture. Here are a few observations:
    # Site looks clean and uncluttered which is very good

    # You are wasting a lot of real estate by have large banners on the homepage & 2 broad panels (one for the logo /links & other for page headings). You might want to re-look at these and reduce them, this way the user does not need to scroll too much to get to the content.

    # Your call to action buttons can be a bit larger and bolder

    # In some pages (like 10 questions) your hyperlinks are of the same colour as the text which is counter intuitive, might want to change them to get more interaction

    # FAQ section – You might want to bring the form up by trying to split the content section into 2 columns and getting rid of the banner, or have a Call to action button on the top which anchors to the form below

    # If not now then sometime down the line look at the possibility of using tools such as webenage (webengage.com), it allows you to do effective customer feedback & target marketing

    Hope this helps.

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