The Mool mantra: Simplifying financial services for the masses
In this blog, we chart Mool’s journey. Mool is a neo bank that enables Indians in the low- and middle-income (LMI) segment to take small steps toward saving and investing. Read on to see how Mool uses an interactive, easy-to-use platform to make customers save more and plan their financial lives better.
Mool is a startup under the Financial Inclusion (FI) Lab accelerator program’s fifth cohort. The FI Lab is supported by some of the largest philanthropic organizations worldwide—the Bill & Melinda Gates Foundation, J.P. Morgan, Michael & Susan Dell Foundation, MetLife Foundation, and Omidyar Network.
The word “Mool” means “root.” Mool, a neo-banking platform, provides its customers with various financial services designed as per their needs. It also partners with business entities to create products for their employees. Listen to our podcast with Abhinav Nayar, the founder of Mool, to understand neobanking for nonaffluent users and its challenges in the Indian context.