FinAGG

Finagg provides GST-based working capital solutions for Indian SMEs with paperless processing and real-time approvals. While offering innovative lending features, the platform needs improved security transparency and clearer pricing disclosure for better user confidence.

India ★ 3.0/5 Security: Private
★ 3.0 Rating
Private Downloads
12% - 24% Pricing
Private Security

Overview

Finagg is a fintech platform that offers quick cash flow and working capital solutions specifically designed for Kirana stores and small to medium enterprises (SMEs) in India. The platform specializes in GST-based loans, enabling businesses to grow at affordable rates without traditional paperwork hassles. FinAGG believes that credit should be processed in real time without physical paperwork and in a frictionless manner, focusing on cash flows rather than just balance sheet analysis.
The platform serves distributors, retailers, and small business owners who need immediate working capital solutions. Founded by experienced finance industry professionals who have previously been part of VC-funded organizations, Finagg aims to finance India’s largest distributor and retailer network.

Key Features

GST-Based Lending

Loans based on GST transactions and cash flows

Invoice Financing

Quick financing against pending invoices

Real-time Processing

Instant loan approvals without paperwork

Integrated Payment Solutions

Credit, pay, and repay in one app

Business Credit Scoring

FAME Score assessment for creditworthiness

Pros & Cons

Advantages

  • Paperless loan processing
  • GST-based credit assessment
  • Quick approval times
  • Designed for SMEs and retailers
  • No collateral requirements

Limitations

  • Limited to Indian market only
  • Newer platform with limited reviews
  • Higher interest rates than traditional banks
  • Eligibility restrictions for new businesses

Security Features

Basic data encryption

Regulatory compliance with Indian financial laws

Secure transaction processing

Security certifications

Pricing & Fees

ServiceFeeDetails
Working Capital Loans12-24% per annumBased on business profile and creditworthiness
Invoice Financing1-3% per monthQuick financing against pending invoices
Processing Fee1-2% of loan amountOne-time processing charge
FAME Score ReportFreeCredit assessment and business scoring

Getting Started

1. Download the App
Install FinAGG SME from Google Play Store or visit their website to begin registration.
2. Business Registration
Provide GST number, business details, and basic company information for initial verification.
3. Document Upload
Submit required business documents including GST returns and bank statements digitally.
4. Credit Assessment
Complete the FAME Score evaluation to determine your business creditworthiness and loan eligibility.
5. Loan Application
Apply for desired loan amount based on your cash flow requirements and business needs.
6. Approval & Disbursement
Receive instant approval and get funds transferred directly to your business account.

Detailed Ratings

Ease of Use
7.0/10
Security
6.0/10
Features
8.0/10
Pricing Transparency:
6.0/10

Final Verdict

Finagg offers a modern approach to SME financing with its GST-based lending model and paperless processes. While the platform shows promise for Indian businesses seeking quick working capital, limited transparency in security features and pricing affects its overall rating.