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5 FinTech apps that are helping women achieve financial independence

By Leandra Monteiro

March 08, 2023

  • Basis
  • BNPL
  • Credit Management
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women, India, Fintech, Womens Day, FinancialFinancial independence is important for every individual, as it leads to financial security. However, the relationship between women and finances has always been in question, as it is assumed that women are not the best with money management and only men can take charge of the finances. Women have historically faced financial inequality, which has made it difficult for them to make any kind of money decisions.

Despite that, financial independence is of utmost importance for women, as it provides them with the freedom to make their own decisions and pursue their own goals. Fortunately, several FinTech apps are helping women take control of their finances for a secured financial future.

FinTech apps are designed to make financial management easier and more efficient. They can help women track their spending, set budgets, and save money. Additionally, these apps can help to create awareness, so that millennial women can move their money in the right direction.

Here are a few FinTech apps that can help women make the best financial decisions:

Basis is India’s first prepaid card app and a full-fledged financial services destination for women. It is bridging the knowledge and trust gaps to help women make the right financial decisions. Basis is designed and built for women to help them achieve financial security. By providing all kinds of financial education and investment advice, Basis is all set to make women financially secure.

Before achieving complete financial stability, many of us often require small financial assistance. This could range from a large sum of money, such as 30,000 to start a business, to a smaller amount of INR 500 for a last-minute cash crunch. Fortunately, mPokket has got us covered. It is an instant personal loan app that provides instant loans to women with minimal paperwork, anytime and anywhere. Also, mPokket can be a complete saviour when it comes to regular educational expenses, which can help women achieve both financial and educational stability.

PhonePe is a simple, fast and secure payments app, which can help women to make payments whenever and wherever. It can offer women equal opportunity to accelerate their progress by unlocking the flow of money and access to services. It’s an app for all things money. From paying shopping bills to buying gold to investing money and booking flights, PhonePe is an all-rounder FinTech app which can provide women with trusted financial assistance.

Simpl is a mobile-first platform for credit-based payments that empowers online retailers to build trusted relationships with their best customers. This platform provides women with the opportunity to purchase products and services without worrying about last-minute cash crunches. This can lead to greater financial stability, and also empower women merchants to build trust with customers through every transaction. Simpl is an innovative FinTech app that can make sure that women have access to the resources they need.

ZestMoney

ZestMoney can be a great help when it comes to making expensive payments quickly. It allows Indian women who have an insufficient credit history to make life more affordable through technology-led solutions. ZestMoney’s app uses mobile technology, digital banking and Artificial Intelligence to make life easier when it comes to making immediate payments. This is especially beneficial for single mothers, who can pay for products and services in instalments without having to worry about interest. With ZestMoney, making payments for expensive bills can be a stress-free experience.

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