When businesses are facing harrowing times due to ill-managed
resources or ideas, the need to have specialized personnel to help the
ideation sail through has increased multifold.
At this juncture, Setup Services India (SSI) announced its entry into the Financial Aggregation market.
The company aims to develop a one-stop financial services solution
for the next-gen entrepreneurs; SSI aims to facilitate business
registration, compliance(s) management and advisory processes to be
robust, transparent and cost-effective.
Headquartered in New Delhi, SSI has a profound professional network
and in-house team of CA/CS to ensure the efficiency and effectiveness of
the services being delivered. The company says that the goal is to
become an extensive KPO in the B2B arena and provide various solutions
to the new India.
“SSI will be following aggregation model to serve its clientele from
all over India. We aim to facilitate the ease of doing business in India
by promoting the culture of outsourcing technical activities like
accounting and bookkeeping, which will in turn help entrepreneurs to
increase their focus on core business activities rather than on
compliances,” said Nishant Arora, Founder, Setup Services India (SSI).
Explaining the Financial Aggregation model and its lack of popularity
in India, Arora said, “A financial data aggregation service connects
banks and individuals’ banking information, bringing it all together in
one place, such as a mobile banking app that automatically sets and
tracks budgets. They compile information from clients’ bank accounts,
such as spending habits, investments, and credit histories, from a
variety of banks to develop a personal financial wealth management tool
for them.”
The company has extensive plans to expand in India. “We plan to
explore and launch Industrial, commercial real estate advisory in phase 2
implementation to provide an extensive one-stop solution to its foreign
clients who are willing to set up their business in India. Also, such
products may or may not come under the umbrella of SSI but will surely
be coming under Sixth Element Finserv P Ltd., the holding company of
SSI. Sixth Element Finserv Pvt. Ltd. will be expanding in investment
advisory domain extensively and may initially come as an investment
advisory company and then launch a full-fledged portfolio Management
Service in its own brand,” said Arora.
More Info : SSI Enters Financial Aggregation Market