“FinTech is a young but rapidly growing sector in the Indian economy, led by an innovation-driven ecosystem”, marked by the words said by Mr. Adrian Johnson, Managing Director at StartupBootCamp accelerator, mTtrakr became one of the 11 startups that graduated from the Mumbai based FinTech cohort 2017.
With this, mTrakr has joined the group of 400 other startups that have graduated from the programme globally, it will help the Delhi based company to participate in world renowned Investors and Industry summits.
By the end of the programme that was attended by over 500 guests, including the likes of Nexus Venture partners and Lightspeed Ventures among others, mTrakr, which aims at providing the users with a well-organized and user friendly personal finance management tool, become one of the six others which secured pilot projects from banking and finance major ICICI Bank.
Launched in 2015, mTrakr provides it’s fellow partners with Customer Loyalty, Retention Platforms Services and Application Program Interface(API). In addition to that, mTrakr has also developed an android app that manages bank accounts, credit/debit cards, budgets, bills ,goals, reminders and keeps track of all inflows and outflows of the user. The app currently has more than 60,000 downloads and a rating of 4.3 on Play Store.
Throwing a light upon the security of data, the tool is highly secure with bank level 128- bit encryption and does not read any sensitive SMS like OTPs and Personal messages, the app also comes with an inbuilt 4 digit pin lock to prevent unauthorized use of app on mobile.
Realising the need for collective development and provision of services that are best of the lot, mTrakr has integrated with ‘Wealthy’, a class in its segment proving users with tax saving mutual funds investment opportunities and ‘CreditNation’, another leader, facilitating users with the best loans they can get in the market. With all this, mTrakr has become a graduate of the program which has presence as well as an alumni network in more than 30 countries.