In a conversation with a national newspaper, Harsh Jain, co-founder and chief operating officer of the online investment platform Groww, stated that his company aims to develop an “integrated” finance app for investors and users of all needs and investment skills, adding that many newcomers to market-based investments are still “trying, testing, and learning.”
“Along with other instruments, we are experimenting with launching personal loans through our app. For that objective, we are speaking with a number of banks and NBFCs “explained Jain.
He was in the city for an investor education program where he spoke to investors, particularly those who were new and young to the financial markets, on the importance of saving and investing, and showed them several products that are accessible to investors.
Additionally, the campaign has reached tier-II and tier-III cities throughout India, including Maharashtra.
Jain noted that there is still a lot of work to be done in order to raise investor awareness and attract more people to the investing industry.On its platform, Groww now has about 30 million users.
The regulator, in this case, the Securities and Exchange Board of India (Sebi), has also been contacting the fintech industry for suggestions and interfaces for technology and other issues, he noted, noting that platforms like his closely collaborate with exchanges on a variety of topics.
