Many have suffered losses during the stock market crash in 2008, but not many have thought of starting a company which helps to minimise the losses in share market. This is the story of Finahub Internet Services, a technology company which provides a SaaS (Software as a Service) customer management platform for retail broking firms in India.
The company is one of the emerging startup firms in the Startup Village at Kinfra Park in Kalamasserry. Recently, it was listed as one among the Top 10 start-up firms to lookout for in 2013. The founders of the company Ajith K George and S Rajesh have lost money in the stock market crash four years ago.
“We had done everything right as far as the investment was concerned yet we lost the money. So we figured that the story is the same for many people who invested in share market. We thought that if people could team up and did investing together there was a better chance of doing successful investment than doing it alone. This paved the way for starting a new company for the purpose,” said Ajith K George, Chief Executive Officer, Finahub.
Finahub’s product, called Kinship Platform, acts as the one place to go for managing all the customer-interfacing activities of the retail broker. The platform enables the firms to improve customer engagement, achieve higher operational efficiency by automating processes such as report sending, customer ticket tracking and get better understanding of their customers using all the customer interaction data available on the platform.
The company was initially incorporated in November 2010 in Trivandrum. The company officially started its operations in early 2012 with Hedge Equities as its first client. They moved to Startup Village in November 2012.
Till now, the operations of the company were mainly with own funds from the founders. Finahub is now focusing on getting some more clients as the company is expanding its marketing and sales operations to Mumbai, Ahmedabad and New Delhi in one year. “We are also planning to start the process of raising capital in six months to one year time,” said Ajith George.