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
- Paperless loan processing
- GST-based credit assessment
- Quick approval times
- Designed for SMEs and retailers
- No collateral requirements
Cons
- Limited to Indian market only
- Newer platform with limited reviews
- Higher interest rates than traditional banks
- Eligibility restrictions for new businesses
Security Analysis
Security Features:
- Basic data encryption
- Regulatory compliance with Indian financial laws
- Secure transaction processing
- Security certifications
Pricing & Fees
How To Get Started
Download the App
Install FinAGG SME from Google Play Store or visit their website to begin registration.
Business Registration
Provide GST number, business details, and basic company information for initial verification.
Document Upload
Submit required business documents including GST returns and bank statements digitally.
Credit Assessment
Complete the FAME Score evaluation to determine your business creditworthiness and loan eligibility.
Loan Application
Apply for desired loan amount based on your cash flow requirements and business needs.
Approval & Disbursement
Receive instant approval and get funds transferred directly to your business account.
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.
