Whizdm Finance Pvt Ltd: Empowering Financial Success with Innovative Solutions

Dayaram Dangal September 11, 2023 Finance, Bank, Credit, Loan Leave a comment

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Whizdm Finance pvt ltd is a financial technology company headquartered in Bangalore, India. It was founded in 2017 by Sanjay Aggarwal, Nagaraj Subrahmanya, and Puneet Agarwal. The company provides a variety of financial services, including loans, investment products, and insurance.

Whizdm Finance is a non-banking financial company (NBFC). This means that it is not a bank, but it is still regulated by the Reserve Bank of India (RBI). The company offers a variety of loans, including personal loans, business loans, and education loans. It also offers investment products, such as mutual funds and insurance policies.

Whizdm Finance uses technology to make it easier for people to access financial services. The company has a mobile app that allows customers to apply for loans, invest in financial products, and manage their accounts. Whizdm Finance also has a call center that is available 24/7 to answer customer questions.

The company has grown rapidly since its inception. In 2022, it disbursed loans worth ₹100 crore. Whizdm Finance is targeting to disburse loans worth ₹500 crore in 2023.

The company is backed by a group of investors, including Sequoia Capital India and Blume Ventures. Whizdm Finance is looking to expand its operations in India and other Southeast Asian countries.

Key features of Whizdm Finance Pvt Ltd:

Here are some of the key features of Whizdm Finance:

It is a non-banking financial company (NBFC) regulated by the Reserve Bank of India (RBI).
It offers a variety of financial services, including loans, investment products, and insurance.
It uses technology to make it easier for people to access financial services.
It has a mobile app and a call center that are available 24/7.
It has grown rapidly since its inception and is targeting to disburse loans worth ₹500 crore in 2023.

Basic Information

CIN: U65929KA2017PTC101703
Date of Incorporation: 27-03-2017
Registered State: Karnataka
Registrar of Companies: RoC-Bangalore
Category: Company limited by Shares
Sub Category: Non-govt company
Company Class: Private Company
Status: Active

Share Capital Information

Authorized Capital: 25000000.00
Paid up Capital: 21000000.00

Contact Information

Email ID: sanjay@whizdm.com
Registered Office Address: No 17/1, Kadubeesanahalli Outer Ring Road Bangalore Bangalore KA IN 560087

If you are looking for a financial services company that is innovative and uses technology to make it easier for you to access financial services, then Whizdm Finance is a good option to consider.

Pros and cons of Whizdm Finance:

Here are some of the pros and cons of Whizdm Finance:

Pros:

Wide range of financial services offered
Use of technology to make it easier to access financial services
24/7 customer support
Rapid growth

Cons:

Not a bank, so not as regulated as a bank
Some customers have reported problems with customer service
Not available in all parts of India

Overall, Whizdm Finance is a good option for people who are looking for a financial services company that is innovative and uses technology to make it easier to access financial services. However, it is important to do your research before you apply for a loan or invest in a financial product from any company.

Consider reading:

FAQs

What is Whizdm Finance Private Limited?

Whizdm Finance Private Limited is a non-banking financial company (NBFC) headquartered in Bangalore, India. It was founded in 2017 by Sanjay Aggarwal, Nagaraj Subrahmanya, and Puneet Agarwal. The company provides a variety of financial services, including loans, investment products, and insurance.

What are the types of loans offered by Whizdm Finance?

Whizdm Finance offers a variety of loans, including personal loans, business loans, and education loans. Personal loans are available for a variety of purposes, such as consolidating debt, paying for a wedding, or starting a business. Business loans are available for small and medium-sized businesses. Education loans are available to help students pay for their education.

What are the investment products offered by Whizdm Finance?

Whizdm Finance offers a variety of investment products, including mutual funds, insurance policies, and fixed deposits. Mutual funds are a type of investment where you pool your money with other investors and invest in a variety of securities. Insurance policies can help protect you from financial losses in the event of an accident, illness, or death. Fixed deposits are a type of investment where you deposit your money with a bank for a fixed period of time and earn interest.

How can I apply for a loan or investment product from Whizdm Finance?

You can apply for a loan or investment product from Whizdm Finance online or by visiting one of their branches. You will need to provide some basic information, such as your name, address, and income. You will also need to provide information about the loan or investment product you are interested in.

What are the eligibility criteria for loans and investment products offered by Whizdm Finance?

The eligibility criteria for loans and investment products offered by Whizdm Finance vary depending on the product. However, in general, you will need to be a resident of India and have a good credit score. You will also need to provide proof of income and other documentation.

What are the interest rates and fees charged by Whizdm Finance?

The interest rates and fees charged by Whizdm Finance vary depending on the product. However, in general, the interest rates are competitive with other NBFCs. The fees charged by Whizdm Finance are also transparent and upfront.