Propel Money

Name: Propel Money
Rating: 4.0 (1 reviews)

Get your personalised investment plan for free

4.0•1 review•

84 followers

Get your personalised investment plan for free

4.0•1 review•

84 followers

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Financial planning

•

Investing

Answer a few questions to build your personalised financial & investment plan. The plan covers everything from insurance to mutual funds to gold to PPF to tax saving. Backed by extensive research, built by experts and 100% free for you!

Free

Launch tags:Fintech•Investing•Personal Finance

Launch Team

EneyProactive AI for Mac. Free test, 20,000 credits.

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Propel Money

Maker

📌

**Propel Money works only in India 🇮🇳** Hey Product Hunt community! We're excited to launch Propel Money, a financial planning and wealth management platform that helps Indians build long term wealth. **Our Ask 🙏** If you reside in India, please build a plan on Propel Money and let us know if you find it useful and actionable. Your honest feedback will truly help us. **Why we built Propel Money** There is no shortage of: - social influencers dishing out advice on what financial products to buy. - trading and buying platforms that offer DIY - friends and family with diverse opinion on where to invest - get rich quick investment ideas out there But sincere advice that looks at one's situation and is driven for the long term is rare and usually only available to HNIs who get access to wealth managers. Using research, technology and human behaviour, Propel Money aims to provide exact advice with precision. It builds a personalised plan that lays down exactly what products one should have, in what order they should be bought and how much of each should be bought. It also dives deep into each and talks about what to know when buying these products. Using Propel Money is simple - just answer a few questions, Propel Money builds your personal financial/investment plan and gives you a checklist to make sure you follow up on action items. And did I say it is FREE! **About the founders** We came together because of our deep belief about how wealth building for long term is still a distant dream for most Indians. Financial independence, even after retirement is still inaccessible for most. And when it is accessible, people often lack awareness to make the right investment decisions. Our diverse skills in investments, finance, technology and product gives us the right recipe for building Propel Money. It has been proven time and again, that if one continues to invest for the long term, however small the amount be, it is possible to build wealth. All of us have been past entrepreneurs and understand what it takes to build companies and win customer’s trust. And we are here to preserve.

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3yr ago

Nice idea. The challenge in this space is often legal… are you a registered investment advisor? Else I would not call it advice for your own good. But I definitely like the tool.

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3yr ago

Propel Money

Maker

@peter_button1 Thank you for the feedback. - One of the founder is a Certified Financial Planner and a Chartered Accountant - We are also a registered mutual fund distributor - At some point we may also register as an RIA, though it has its own limitations/problems, especially in India. Glad that you feel the tool is useful.

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3yr ago

I tried it out, it's quite cool and straightforward for people just starting out and have no idea what to do. Even I, who had been investing for quite some time now got some new action points out of it. So big thanks for that. Great work guys. The first and foremost question I was looking to answer was how you make money from this. (Because if the product is for free, the user is the product) Also, I'd like to see how the recommendations change if you've chosen the New Tax Regime.

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3yr ago

Propel Money

Maker

@elcicneha Thanks Neha for taking out time to try our product and providing feedback. Regarding monetisation - we plan to have a premium service that will provide additional features including continuous assistance and monitoring for your finances. Think of it like a Fitbit for your money. We are fully committed to keeping our advice sincere and unbiased. New tax regime - we will soon be working on this. Thank you again. And please tell others about Propel Money - if you think they can benefit from it.

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3yr ago

@shyamal_mehta That's great to hear. I've been desperately looking for a financial advisor service. And I'll definitely share it with my friends.

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3yr ago

Congratulations on Propel Money! It's a valuable resource for financial education. How do you plan to expand its reach?

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3yr ago

Toofan

This is a serious and cool theme for the application. I hope you scale up and your application will be available in other countries. Such an application can help many entrepreneurs right away at the start

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3yr ago