
Fello
India's first Gaming + Savings app that helps to save and earn more than bank plus the chance to win big in weekly contests.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
* | $4.0m | Early VC | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 78 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Fello.in is a digital platform that operates in the financial services sector, specifically in the realm of personal savings and investments. The company offers its users a unique blend of savings and rewards, with a focus on low-risk, high-return assets. The primary clientele of Fello.in are individuals looking for efficient and rewarding ways to grow their savings.
The business model of Fello.in revolves around two main assets: Digital Gold and Fello P2P Asset. Digital Gold is an investment in gold where each unit is backed by 24 karat 99.9% purity gold. This allows users to invest in gold without the need for physical storage. The Fello P2P Asset is a peer-to-peer lending asset, regulated by the Reserve Bank of India (RBI), which promises steady returns. Peer-to-peer lending is a method of debt financing where individuals can lend and borrow money without the use of a traditional financial institution as an intermediary.
Fello.in also incorporates a unique rewards system. For every ₹500 saved, users receive a ticket to participate in weekly draws. The more a user saves, the more tickets they receive, increasing their chances of winning rewards. This gamified approach to savings not only encourages consistent saving habits but also makes the process more engaging and fun.
The company generates revenue through the interest earned on the assets it manages. Users' savings grow by 15.5% per annum through their investments in Digital Gold and Fello Flo, regardless of whether they win weekly rewards or not.
In summary, Fello.in is a digital savings and investment platform that offers low-risk, high-return assets, coupled with a unique rewards system to encourage consistent saving habits.
Keywords: Digital Savings, Investment Platform, Digital Gold, P2P Lending, Low-Risk Assets, High-Return Assets, Gamified Savings, Weekly Rewards, Personal Finance, Financial Services.