SRIMONEY: Empowering Financial Inclusion through Technology

SRIMONEY, owned and operated by SR Tech N Serve, has been active in the financial services industry since its incorporation on March 3, 2016. Our journey in this sector has been a mix of successes and challenges. During this time, we have expanded our network to over 10 states in India, with plans to cover the entire country in the near future. Our dedicated team is diligently working towards this goal, ensuring the provision of high-quality services, which is our hallmark. Our experienced core team has designed our financial services with a focus on transparency, essential for all financial transactions. This commitment to transparency has fostered long-term partnerships with our channel partners. Along the way, we have established collaborations with various companies and banks, with additional agreements currently in progress. Our objective is to offer a wide range of financial services and utility bill payment options to citizens through our Customer Service Points, which are retail outlets.

10 Most Recommended Fintech Startups - 2023

Fintech Startups are Empowering The Financial Future

FinTech, or financial technology, is a term used to describe any new technology that aims to improve and automate the use and delivery of financial services. It helps both businesses and consumers better manage their financial processes with the use of specialized software and algorithms used on smartphones and computers. Fintech now includes retail banking, education, investment management, fundraising and non-profit, and more. What most people are familiar with in fintech though, is the development and use of cryptocurrencies like Bitcoin, Litecoin, and Etherum, to name a few.

Importance of Fintech: Fintech also contributes to economic development by facilitating new digital technologies and methodologies. It has facilitated ease of transaction and digital data collection, which has increased employment opportunities. Fintech is an emerging field that focuses on developing financial services using technology. FinTech can be advantageous for all sorts of companies, including those in insurance, banking, investments firms, asset management and personal finance management. By leveraging technology to automate tasks, they can deliver the same solutions for a lower price compared to traditional services.

"Fintech, the smarter way to manage your money"

Significance of Fintech Startups: The term “fintech company” describes any business that uses technology to modify, enhance, or automate financial services for businesses or consumers. These startups are diversified payment solutions for businesses and merchants. Its products include hardware and software-based payment terminals, point-of-sale financing, working capital loans, and more. It also offers loyalty and gift card solutions, analytics for business decisions, and more. Fintech refers to the integration of technology into offerings by financial services companies to improve their use and delivery to consumers. It primarily works by unbundling offerings by such firms and creating new markets for them.

Market Size of Fintech Companies: The global fintech technologies market size was valued at $110.57 billion in 2020, and is projected to reach $698.48 billion by 2030, growing at a CAGR of 20.3percent from 2021 to 2030.

CIO Insider magazine in this issue presents a list of '10 Most Recommended Fintech Startups - 2023' who have leveraged their extensive industry expertise and experience in bringing innovative solutions to business. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.