Are you a Mutual Fund Investor? Congratulations! You have a guaranteed loan waiting for you. Get the App today - https://yenmo.in/download If you’re thinking what the catch is, well there is none. Yenmo (YC W24)'s Loan Against Mutual Funds is a product you manifested. With Yenmo you can get a loan of 10.5% interest approved against your Mutual Fund investments. That’s MUCH lower than the average 25%-30% for personal loans. Applying for a loan is as Easy as 1-2-3! 1 - Pledge your mutual fund investments 2 - Select a loan amount 3 - Complete our instant KYC, and sign electronically That’s it! Repaying the loan is as easy as applying for it. You can pay the principal amount in parts or just pay the interest amount for up to 3 years until loan closure. Even with interest payments, you just pay interest on the amount of the loan withdrawn at a given point. This is a sign from the investment gods to do more with your Mutual Fund investments. Start today with Yenmo! Download the app today - https://yenmo.in/download Ashutosh Purohit | Aryan Agarwal #LoanAgainstMutualFunds #Credit #Cash #loan #MutualFunds #Investing #PersonalFinance #Smart #InformationPost #FinTech
Yenmo (YC W24)
Software Development
Bengaluru, Karnataka 1,646 followers
Never sell your investments again. Get an instant loan against your investments at a flat 10.5% interest!
About us
At Yenmo, we believe there is a better way to lend money. It shouldn't be with interest rates that burn a hole in your pocket, it shouldn't be pestering customers with calls and messages. Instead, it should be affordable, accessible, and with the highest priority being customer satisfaction. We hope to bring a modern way of lending which promotes healthy financial behavior. A behavior in which customers end up increasing their networth despite taking a loan. We hope to create a more financially sound ecosystem with Yenmo It's a long road, but we've strapped our bags and are walking. Walking towards a new financially sound India and we hope you'll join us on this journey! Download our app today! https://yenmo.in/download Want to speak with us? Shoot a mail to founders@yenmo.in
- Website
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https://yenmo.in/
External link for Yenmo (YC W24)
- Industry
- Software Development
- Company size
- 2-10 employees
- Headquarters
- Bengaluru, Karnataka
- Type
- Privately Held
Locations
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Primary
Get directions
BMTC Complex, Old Madiwala, Kuvempu Nagar, Stage 2, BTM Layout
Bengaluru, Karnataka 560068, IN
Employees at Yenmo (YC W24)
Updates
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𝐓𝐇𝐄 𝐑𝐎𝐀𝐃 𝐓𝐎 ₹ 𝟏 𝐂𝐑𝐎𝐑𝐄 Reach ₹ 1 crore by investing 15K monthly at 15% return for 15 years #1Crore #FirstCrore #Investing #Compounding #Growth #15_15_15_Rule
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Doing what’s right for the customer has always been our core motto, ingrained in our DNA. As customers navigate our app, the clear and concise details, along with simple explanations of our product, empower them to make informed and confident decisions. Our goal is to continue building the best possible experience for our customers! P.S. If you have any suggestions for product improvements or feedback, feel free to reach out via DM, or directly message our founders and founding team – Ashutosh Purohit, Aryan Agarwal, Vishal Phadke, Aditi Jain, Yash Shah, Brijesh patadiya #CustomerFirst #CustomerExperience #FinTech #ProductInnovation #UserFeedback #AppDevelopment #FinancialServices #TechForGood #CustomerEmpowerment #Startups #FinTechInnovation #CustomerSuccess
Something counter-intuitiuve I've learnt while building Yenmo (YC W24) : Sometimes it's better to add more steps in a product journey I'd always been told to reduce steps for the user, shorten their journey and convert more users. Adding extra steps is always looked as a "bad thing". While this could work for companies in other categories, I think Financial companies require something else - High Trust At Yenmo, we initially tried keeping journey as short as possible. Tap tap tap and you'd have completed your application. We soon realised customers were actually happy doing slightly more steps if it meant they got to understand the process better. So we made a call to focus on educating the customer at every step of the way rather than trying to simply cut down steps in a journey. It's still a work in progress, but I'm already seeing our customer support queries drop and conversions improve.
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🚀 Top 5 Mutual Funds by AUM 🚀 Excited to share the leading mutual funds in key categories based on Assets Under Management (AUM)! 📈 Whether you're looking for large cap stability, mid cap growth, small cap potential, or the flexibility of flexi cap funds, here are the top picks: 🌟 Large Cap 🌟 Mid Cap 🌟 Small Cap 🌟 Flexi Cap Curious to know—have you invested in any of these funds? Share your choice in the comments below! 💬👇 #MutualFunds #InvestSmart #FinanceTips #FinanceFridays
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Glad to have you Vishal Phadke in the team! 🚀 We are #hiring for super stars at Yenmo. 🌟 Fill the form in the comments section!
I accidentally made my best hire at Navi while doing customer calls When I started looking out to get some folks for my team at Navi, the first hire took me 1.5 months. Some did not feel enthusiastic enough, some not analytical enough - so much so that the HR reached out to schedule a 1 on 1 with me. She said I had a bar too high and we might not be able to close the role. I was dejected but nevertheless kept looking out. Then one morning while doing customer calls to get feedback on the navi mutual fund app I stumbled upon an interesting customer - Vishal Phadke. He had deep insights on the mutual fund market and we ended up having a 30 min conversation on how to make the app 10x better. I was so impressed that I asked him if there was any chance he was looking out for a job change. He wasn't looking out, but was happy to give an interview. We had a call the following day and I rolled out an offer the same week. He joined us within a month. He was also the first person to join me when I started Yenmo (YC W24) and has been one of the best hires I've made. We're looking to expand our founding team with more of such rockstars. If you are a Software Developer, Product Designer or QA and have a knack for solving problems. Fill in the form below and we'd love to have a chat with you. Form link in comments
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𝐈𝐬 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐒𝐪𝐮𝐞𝐞𝐳𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐖𝐚𝐥𝐥𝐞𝐭? 🏃♂️💨 It’s not just your imagination. With prices rising at about 6% per year, the value of your cash is shrinking. But don’t fret! You don’t have to sit idly by as inflation erodes your savings. 𝐖𝐡𝐲 𝐒𝐭𝐨𝐜𝐤𝐬 𝐂𝐨𝐮𝐥𝐝 𝐁𝐞 𝐘𝐨𝐮𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐆𝐚𝐦𝐞-𝐂𝐡𝐚𝐧𝐠𝐞𝐫 📈💪 Investing in a well-diversified portfolio of stocks has historically been a powerhouse against inflation, offering returns of around 12% annually (think Nifty 50). While inflation tries to creep up, stocks have a knack for outpacing it and growing your wealth. But there’s a smarter way to navigate this terrain... 𝐇𝐨𝐰 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝𝐬 𝐂𝐚𝐧 𝐅𝐥𝐞𝐱 𝐓𝐡𝐨𝐬𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐮𝐬𝐜𝐥𝐞𝐬 🚗💨 Enter mutual funds, your financial pit crew. They diversify your investments across various stocks and bonds, managed by professionals. For example, a solid equity mutual fund might have delivered a 15% return last year. It’s like having a personal trainer for your money—just sit back and watch it grow while they handle the heavy lifting. Ready to show inflation who’s the boss? Put your money in mutual funds and let it shine! 💸💪 #InvestSmart #Inflation #BeatInflation #Investment #MutualFunds #LoanAgainstMutualFunds #LoanAgainstMutualFundsBhiSahiHai
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Yenmo: The Express Lane to Your Loan, While Home Loans Are Still Stuck in Traffic 🚀 vs 🐢 #Loans #HomeLoan #LoanAgainstMutualFunds #Yenmo #Fast #Digital #LoanAgainstMutualFundsBhiSahiHai with Yenmo (YC W24)
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Loans can be game-changers for growth and stability, but it's important to know the difference. While high-interest, hidden-fee loans can trap you in a cycle of debt, good loans—like ours at 10.5%—are all about transparency and affordability. Make smart financial choices and choose loans that lift you up, not weigh you down. 💡 💰 #EmpowerYourFinances #Yenmo #GoodLoan #LoanAgainstMutualFunds
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"ULIPs are better than Mutual Fund investments as they provide insurance coverage as well." Have you often been (mis)sold ULIPs, with claims that they are the best option for both insurance coverage and investments? You are not alone. We have had many customers express similar concerns, and we empathize with those who have been misled by agents earning exorbitantly high commissions on these products. As a result, customers end up with lower insurance coverage and returns that are significantly lower compared to mutual fund investments. Let's break down the difference between ULIPs and Mutual Fund investments! #ULIP #Insurance #endowmentfund #TermPlan #MutualFunds #PersonalFinance
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As we celebrate #GaneshChaturthi, we are reminded of Lord Ganesha's wisdom and how his mythological stories offer us valuable life lessons—especially when it comes to personal finance. One of the most popular stories is the race between Ganesha and his brother Karthikeya, where Ganesha won by circling his parents three times, recognizing that they were his world. This teaches us the importance of focusing on *your world*, not just the wider world, when it comes to managing finances. In personal finance, this is a critical lesson. It’s not about what others are doing, but what is right for you. Whether it's planning for your future, managing investments, or taking out a loan, you must focus on your goals, your risk appetite, and your resources. At Yenmo, we understand this deeply. That's why our loans against mutual funds come with a highly competitive 10.5% interest rate—significantly lower than the 18% or more you’d pay for a personal loan. We only charge interest monthly, and you can repay the principal at any time, in part or in full, without worrying about foreclosure fees or part-payment charges. It's financing that fits *your world*, offering flexibility and peace of mind. This Ganesh Chaturthi, take a step towards financial freedom by choosing smarter ways to achieve your financial goals. Just like Lord Ganesha taught us to focus on what truly matters, let’s prioritize our own financial well-being. 🌟Focus on the goals that you have and not the ones which are conspicuous. 🌟Listen to experts and do your own research and not the one who doesn't understand your financial factors. 🌟Think about the risk that you should take and not the risk that a seasoned investor or trader takes. 🌟Look at your available resources to achieve your goals and not stretch your means beyond a limit. Wishing everyone a prosperous and financially secure Ganesh Chaturthi! 🙏 🕉️ P.S. Those who haven't heard this story, a brief version is written in the comments to give it a read and share it with your connections! #GaneshChaturthi #FinancialWisdom #YourWorld #LoansAgainstMutualFunds #Yenmo #PersonalFinance
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