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Today Date : Thursday, June 20, 2024

Monexo launches investment app

Monexo launches investment app

MonexoFintech Private LTD, an RBI licensed peer to peer digital lending marketplace has launched its simple paperless digital app that enables investors to earn 13% pa and beat inflation.
Monexo has now launched the simple investment app to make it accessible to a wider demographic of investors. 

The investment asset diversifies the investor’s portfolio across farmer loans, social impact loans, loans to young salaried professionals and students. 

Investors' funds are diversified across multiple loans which bring down risk and ensure 2 X of FD months on month, according to an media communication from the company.
MukeshBubna, CEO of MonexoFintech Private Ltd said “With our flagship investor app we aim to resolve two critical pain points in the market today. 

One is introducing a simple digital app that enables every Indian to start investing in a product that helps earn twice the fixed deposit returns. 

The second is that farmers, women entrepreneurs, students, and young salaried professionals can build their credit score, thereby becoming credible borrowers by entering the fold of the credit bureau with affordable loans.”