Bengaluru: Bengaluru-based fintech marketplace Ambrela.Money to launch a pan-India roadshow called BLESED-2023, aimed at promoting financial literacy and bridging the gap in financial inclusion.
With ‘Bharat’s Largest Economic & Social Equality Drive’, the company intends to connect with over 100,000 people and grow its partner community through this drive, which will cover more than 100 cities across 350 days. Ambrela.Money aims to deepen financial penetration in Bharat by creating a full-stack marketplace of financial products and services, aided by its own democratized distribution network consisting of over a million individuals. The marketplace app is set to launch next month, offering over 200 types of products from categories such as investments, credit, and insurance.
“The problems of Bharat are unique. They require to be dealt with differently. Ambrela’s tech & human capital approach is much more pragmatic. It also helps us address the problem of unit economics that plagues the fintech ecosystem today. Our democratized partner ecosystem would offer us an unparalleled scale and reach,” said Arpit Nagda, Founder & CEO of Ambrela.Money.
The company would work on its 50-50 mission over the next ten years. This is to have an investment asset under management of $50 billion and facilitate $50 billion in credit through its platform. With its vast last-mile distribution network, the company strive to connect with more than 10 million Indian families.
The company’s founders are Arpit Nagda and Sreeraj Thamarappilly, who have experience in wealth management and technology, respectively. Ambrela.Money aspires to have an investment asset under management of $50 billion and facilitate $50 billion in credit through its platform over the next 10 years, and to connect with over 10 million Indian families using its vast last-mile distribution network.
