What is Propel Money?
Answer a few questions to build your personalised financial & investment plan. The plan covers everything from insurance to mutual funds to gold to PPF to tax saving. Backed by extensive research, built by experts and 100% free for you!
Problem
Individuals struggle to create a diversified financial and investment plan that covers multiple aspects such as insurance, mutual funds, gold, PPF, and tax saving, leading to potential missed opportunities and inefficiencies in managing their finances. The drawbacks are the complexity and time-consuming nature of researching and building a personalized investment plan.
Solution
Propel Money offers a web-based platform where users can answer a few questions to instantly generate a personalized financial and investment plan for free. This plan encompasses everything from insurance, mutual funds, gold, PPF, to tax saving, all backed by extensive research and built by financial experts.
Customers
The primary user persona includes young professionals, mid-career individuals, and retirees looking for a guided approach to diversifying their investment portfolio and optimizing their financial planning without incurring any costs.
Unique Features
100% free personalized investment plan, Coverage of a wide array of financial products including insurance, mutual funds, gold, and tax-saving instruments, Built by financial experts backed by extensive research.
User Comments
Users appreciate the comprehensive coverage of financial products.
The simplicity and usability of the platform received positive feedback.
The fact that it's free is highly valued by users.
Some users wished for more customization options in the investment plans.
Overall, users trust the expert-backed research and recommendations provided.
Traction
As of now, specific quantitative traction data such as the number of users, MRR/ARR, or financing is not available from the provided sources or public listings. Therefore, a detailed update on the product's traction cannot be provided.
Market Size
The personal financial management market is expected to reach $1.57 billion by 2027.
