IIT Grads' AI-Powered Wealth App Savingz Saves ₹5+ Crore in Taxes, Expands to Alternative Investments
Savingz stands out as India's first holistic AI wealth tech app, combining advanced technology with expertise from top-tier Chartered Accountants.
New Delhi (India) July 31 : Founded in July 2023 by three IITians and their CA friend, Savingz is transforming wealth management for high-earning individuals in India. The brainchild of Hardik Lodha, Rounak Baral, Shubham Jain, and Aanchal, this AI-driven platform has already saved over 5 crore rupees in taxes this season while offering comprehensive financial planning services.
Savingz stands out as India's first holistic AI wealth tech app, combining advanced technology with expertise from top-tier Chartered Accountants. The platform not only simplifies tax filing but also optimises returns, helping clients claim an average of 20% extra compared to traditional methods. With a 30-minute personalised filing process, Savingz makes financial management efficient and effective.
The founding team brings a powerful blend of skills and experience. Rounak Baral, 2x founder and a tech enthusiast, contributes startup experience and digital marketing know-how. Hardik Lodha offers leadership, business acumen and product management expertise from his time at Topper (acquired by Byju's) and Marrow. Shubham Jain, part of the founding team at Newton School, brings innovation and entrepreneurial success. Aanchal, a Chartered Accountant with over 10 years of experience at companies like L&T and Johnson & Johnson, rounds out the leadership with her financial expertise.
What sets Savingz apart is its extensive deliverables, including AI-powered tax optimisation and filing, comprehensive wealth management services, data-driven financial insights, and robust security measures. The platform has expanded its offerings to include alternative investments, further diversifying options for its growing client base.
The results speak for themselves. Savingz presents an impressive clientele of over 5,000 satisfied individuals. Users' experience has soared up to 40%, better than conventional tax optimisation methods, letting clients enjoy average annualised returns (IRR) exceeding 30% after taxes. The company's success is further evident in its organic growth, resulting in negative customer acquisition costs.
As the company expands, so does its team. Savingz now employs 45 professionals dedicated to providing top-notch service and continuous innovation in the wealth tech space.
Whether you're a seasoned investor or just starting your financial journey, Savingz offers a user-friendly app and personalised guidance to optimise your wealth management strategy. By combining AI technology with expert financial services, Savingz empowers high-earning individuals in India to maximise their economic potential through simplified taxes, strategic investments, and lucrative opportunities.
For more information:
Email: hello@savingz.in
Phone: +91 8608600419
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