India-based FinTech startup Stack Finance offers customized investment strategies for retail investors based on their goals and risk-taking capabilities.
With over a year of experience working at Citibank, NIT-Bhopal graduate Smriti Tomar confirmed what she already knew: it takes a long time to innovate at large corporations. Smriti explains, “There’s a full-fledged protocol that they have to follow.”
How it all started?
Finance and investment had always piqued Smriti’s interest since she was a teenager. She also realized that most of her friends considered investing to be a complex process, as it required her to keep track of portfolios and market fluctuations regularly and manage assets.
So, the 25-year-old decided to start up to tackle this problem for people her age who may not be able to take out time by solving the lack of knowledge and time in the investing space. Founded in 2021, Bengaluru-headquartered Stack develops and builds products to improve personal finance experiences.
“While we knew we needed to start early, we didn’t know how to start and where to start,” said Smriti Tomar, Founder, and CEO of Stack.
Other than Smriti, the founding team includes co-founder Tushar Vyas (also Chief Business Officer), as well as Vidit Varshney (Chief Operating Officer), and Yashwardhan Pauranik (Chief Product Officer).
All it is about giving new growth to your idea. Once you hit in the right direction, you will undoubtedly grow and understand new ways of earning.
The Road Ahead
Stack Finance is striving to make investments accessible and affordable for Young India. With its motto of “providing the best investment experience to everyday investors.” Stack is enabling young and old to invest towards their life goals, financially while educating them about smart investing.
The startup claims to have had more than 100,000 users since its launch. Stack’s 55 percent of first-time users are under the age of 30 and come from Tier II-III cities. FinTech claims that it is already making a positive impact in the financial landscape of the country. Investors on Stack have already set US$100 million goals and are witnessing 100 percent month-on-month growth.