From Humble Beginnings to Market Leadership
Founded in 2020 by tech visionary Naresh Rajaram and insurance veteran A. Gurumoorthy, Fincover began with a bold mission: to empower every Indian with easy access to loans, insurance, and investment products. Despite the challenges of launching during a global pandemic, Fincover’s innovative spirit and customer-focused approach laid the foundation for its rapid growth.
Key Milestones in Fincover’s Journey
| Year | Milestone |
| 2020 | Founded by Naresh Rajaram and A. Gurumoorthy with a focus on financial inclusion and innovation. |
| 2021 | Overcame pandemic challenges to establish its presence in Tier 2 and Tier 3 cities across India. |
| 2024 | Achieved ₹100 crore in revenue while disbursing ₹500 crore in personal loans and issuing 2000+ policies. |
| 2025 | Poised to launch a cutting-edge Android app to enhance customer experience. |
Driving Forces Behind Fincover’s Success
- Customer-Centric Approach: Fincover’s platform is designed to offer seamless solutions tailored to individual needs.
- Diverse Offerings: From loans to insurance and mutual funds, Fincover provides a one-stop solution for financial products.
- Technology-Driven Solutions: Leveraging AI and machine learning, Fincover ensures quick approvals and precise product recommendations.
- Strategic Outreach: By expanding its presence to underserved regions, Fincover successfully tapped into Tier 2 and Tier 3 markets.
Reaching ₹100 Crore Revenue
Fincover’s remarkable milestone of ₹100 crore in revenue reflects the trust and confidence of Indian consumers. By the end of 2024, the company had:
- Disbursed personal loans worth ₹500 crore. – Apply For Personal loan
- Issued over 2000 insurance policies.
- Managed ₹350 crore in wealth for HNIs and UHNIs.
The Android App: Revolutionizing Financial Services
To continue its innovative streak, Fincover is set to launch its advanced Android app in January 2025.
App Features:
- Personalized Dashboards: Manage loans, insurance, and investments in one place.
- Instant Approvals: Access financial products with minimal documentation.
- Exclusive Offers: Avail app-only deals and promotions.
- 24/7 Expert Support: Get advice anytime from financial professionals.
The app aims to redefine convenience, further strengthening Fincover’s position as a leader in the financial marketplace.
Empowering Financial Literacy
Beyond its business operations, Fincover is dedicated to educating Indians about financial planning. Through blogs, webinars, and tools like calculators, the platform has empowered thousands to make informed financial decisions.
Scaling New Heights
Headquartered in Chennai with four branches across Tamil Nadu and Kerala, Fincover’s current team of 600+ employees is expected to grow to over 1000 by 2026. With the app launch and ambitious expansion plans, the company targets ₹200 crore in revenue by 2026.
A Legacy of Excellence
As Fincover steps into 2025, it serves as a shining example of how innovation and dedication can transform the financial landscape. With its new app and relentless focus on customer needs, Fincover invites every Indian to be part of its journey toward financial empowerment.
If you’re looking for a loan, insurance, or a way to plan your financial future, Fincover is ready to make the process seamless and enjoyable. Join the revolution today!
