Basic Information
Started by Rajesh P Nair in 2014, EarnWealth creates micro-entrepreneurs, called Mahalakshmi, in financial services. EarnWealth offers an assisted journey to the customers of fintech players and helps them to complete the transaction. EarnWealth started as a traditional B2B distributor for financial products. In 2020, this experience prompted the team to introduce the social commerce model for distribution of personal loans, and it witnessed good traction. To accelerate the growth at a lower cost, the company built a model called Mahalakshmi targeting the educated homemakers in India to help them start their own financial consultancy. To help them get trained on customer acquisition, it has developed an android application called Kamate Raho. Currently, around 100 Mahalakshmis are already working on the platform, and with the help of new funds, EarnWealth is targeting to add 10,000 Mahalakshmi in a year.
Legal Name
:
EarnWealth Solutions Pvt. Ltd.
Headquarters
:
Pune, Maharashtra, India
Founding Date
:
2014
No. of Employees
:
21 to 40
Core Team
:
1.
Rajesh P Nair
Founder and CEO
2.
Vanita Nair
Co-Founder
Funding
Total Funding
$500.0k
Round 1
$500k
Series Name
:
SEED
Date
:
11th Oct 2021
Financial Services
FinTech
Financial Services
FinTech
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