1. Bajaj Finance App
Initially dubbed a ‘Super App’, the Bajaj Finance App is your all-in-one application for shopping and finance-related matters. You can apply for loans, credit cards, and insurance policies. Additionally, you can invest in mutual funds and FDs, shop for your favourite products, and even check your credit score! This financial app is immensely popular among investors and non-investors alike, who use it for shopping or paying utility bills.
2. ET Money
Founded in 2015 by Mukesh Kalra and headquartered in Gurgaon, this financial app is available in eight languages. You can use the app’s free service to invest simultaneously in mutual funds, pension schemes, and insurance. The app also lets you keep track of all your expenses and apply for loans. Also, while you repay these loans, the app offers a free credit score calculation service.
3. Lio
Lio was launched in 2020 by Anupam Vijayvergia in Rajasthan, and since then, it has become quite a name in the financial app category. Available in ten languages, including English, Hindi, Bangla, and Tamil, Lio facilitates investment through the app and lets you collaborate with others in real time. Additionally, the app allows you to store important data that you might need at any point in time, like your photograph or your Aadhaar card, in its cloud system. You can also manage your investment plan, do your taxes, and monitor your cash flow.
4. Walnut
Walnut was founded in 2014 by Amit Bhor and is a complete asset management app that helps you keep track of investments and purchases made through credit cards, mobile wallets, and Internet banking. The app allows you to split bills with your friends and enables payments of these bills on the app itself, generates expense reports, and gives you critical insights on your expenditure through graphs. Apart from all that, Walnut also helps you find nearby ATMs and book rail or movie tickets in no time.
5. Paytm Money
Founded in 2017, this is one financial app that is immensely popular among finance enthusiasts for many reasons, including the simplicity of its interface. The app makes your financial tasks easier by helping you with pre-investment calculations like brokerage fees. The app provides you with alerts related to trading, so you do not need other apps to find out the best time to trade on a particular stock. Most importantly, Paytm Money does not charge any transaction fee for the investments you make through the app.
6. Goodbudget
Goodbudget, founded in 2009 by Dayspring Technologies, is one of those finance apps that can replace the diary you used to keep for recording your monthly expenses. It lets you do all of that and gives you a good impression of your monthly spending pattern with the app. Based on these findings, you can decide whether you are overspending on some resources and make necessary amends in that regard.
7. Cred
Cred was founded in 2018 by Kunal Shah, and it is an exceptional fintech app that extends several benefits to credit card users. Different billing intervals with different merchants are not a headache either because the app provides you with timely reminders to make your payments on time. You also get rewards and exclusive offers on making payments through the app. Access your credit history with Cred and make necessary adjustments, if needed, to your expense pattern.
If you are looking for safe investment option, then you can consider investing Bajaj Finance Fixed Deposit. With a top-tier AAA rating from financial agencies like CRISIL and ICRA, they offer one of the highest returns, up to 7.75% p.a.
