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Fintech start-up One Muthoot to launch multi-product financial services platform

December 07, 2022

Fintech start-up One Muthoot to launch multi-product financial services platform
One Muthoot, a fintech start-up backed by Muthoot Pappachan Group (MPG), is in the process of launching a multi-product financial services platform (app and website) for customers. The platform will enable them to avail lending, investment, insurance, and remittance products in one place.

“With this launch, we will be able to serve millions of existing MPG customers as well as new customers,” said Chandan Khaitan, Chief Executive Officer, One Muthoot. “Our multi-product platform combines traditional and modern approaches, helping existing as well as newly acquired customers in every aspect of their financial journey.”

He added, “We will be phygital in our approach, wherein customers can experience our service through our app/website as well as 5,600+ MPG branches across the country. Our aim will be to be the one-stop solution for all financial needs of customers, both individual as well as MSME.”

The One Muthoot platform will offer lending (gold loan, personal loan, business loan, 2W loan and housing loan); investment (digital gold); insurance and remittance (forex, money transfer and bill payment) products.

Through the app, customers can apply for a gold loan and one of the representatives will reach the home to evaluate the gold with minimal documentation. This eliminates friction in the loan application process.

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