FINACO:INDIA’S FIRST DIGITAL, FINANCIAL COMMUNICATION AND DELIVERY PLATFORM - Launch Story
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FINACO:INDIA’S FIRST DIGITAL, FINANCIAL COMMUNICATION AND DELIVERY PLATFORM

Finaco is the most effective way to resolve your financial problems and bridge the digital gap in one of the most critical areas of our life. Finaco helps the common man access hundreds of CAs all over the country, anytime, anywhere, even while on the move, in a smooth and seamless manner, creating a win-win experience for both Financial Experts and their clients.

Finaco was founded by CA Rahul Khatuwala. He is a Chartered Accountant from Jharkhand and then moved cities for higher education before finally landing up in Bangalore. He has done articleship (training) from a renowned CA firm in Kolkata and they allowed him to travel across India for audits. Post which he got placed in an IT Company in Bangalore and worked there for 4 years in Internal Audit and Business finance department. However he always kept thinking how he can add value and never wanted to do monotonous work. This led him to quit and start his long thought about project which was management of CA office and finally build it as Finaco.in.

Rahul’s vision is to remove the fear of compliance from business owners and provide CAs with comprehensive software which can make their life much easier and organised. He caters to all types of CAs and provide all types of services, so basically if its finance it’s Finaco.in.

He started Finaco from JP Nagar, Bangalore with one employee and currently he has a team of 7 people. Company is mostly self-funded by the directors from their savings and loans from family members. He has started to make revenue in the current year.

“The main issue for us was since we came from finance background and started to build a tech company we made many mistakes. It took us time to understand things. Many times we had to redo as we failed the logic completely. But slowly we took it as a challenge and overcame to understand how it works” said Rahul.

“We plan to expand our operation to all major cities in India and add more CAs to our portal. We also have a phase wise pan of adding numerous features to our software to make it more robust and meaningful” added Rahul.

They have 5000+ CAs listed on their portal and a run rate of 50 Service tickets every month. They want to be the lifeline of CAs and business owners. Finaco will be the go to product as soon as compliance or finance comes to anyone mind.

www.finaco.in

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