Kishor Maloo, Founder at Finstone technologies LLP

Great Companies: How did you get your idea or concept for the business?

Kishor Maloo: We both were working together and have engaged with clients at different levels. We realised that the retail client isn't sure how investments work. When one looks for investing, that person trusts you with their money. We felt that clients are not financially literate, especially the retail client. Money management is still not thought of as expert work, as investing is still thought of in old ways. We found that a major, financially gap, which led to the foundation of moneyphi

Great Companies: What are the various Services provided by Finstone Technologies Pvt Ltd.

Kishor Maloo: Moneyphi is a solution-driven investment company with a focus on making money management easy for clients. As a company, we aim to provide our clients with access to financial literacy. Our clients have various options to start investing from, mutual funds to Digital gold, from Indian to US stocks. We are also working to provide NPS and Fixed deposit options for our clients.

Great Companies: What makes Finstone technologies Private Limited different from hundreds of other Fintech firms?

Kishor Maloo:

We are not a product-driven or transaction-based platform. One of the aspects of money management is the client relationship. In today's digital era, when knowledge is freely available across different mediums, a client's mind is getting financially cluttered. Our team regularly interacts with a client irrespective of their investment amount. It's our duty to make our clients understand the risk of investing, its benefits and all the nitty-gritty of investing.

Great Companies: What are the struggles and challenges you face?

Kishor Maloo: Hiring the right mix of employees who are in sync with your company vision. Apart from hiring, we live in a dynamic regulatory framework which becomes challenging to make changes, though regulatory in financial products is a boon for the industry and clients.

Great Companies: How do you plan to grow in the future? What do 5 years down the line look like for Finstone technologies Pvt ltd?

Kishor Maloo: We are working to create a phygital eco-system for our clients. We are looking to have a presence across cities in addition to our digital footprint.

Great Companies: If you had one piece of advice to someone just starting out, what would it be?

Kishor Maloo: Set your company vision straight and hire the right mix of employees. While overnight success is good to hear but, Patience is the key to success. If you are looking to stay relevant, the old basics of business: ethics, integrity and transparency are still relevant.