Supriya Ghosh (Editor)


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Founded  2016 (2016)
Area served  India
Headquarters  Gurgaon, Haryana, India
Founder(s)  Chirag Saini, Rishabh Jain, Dipesh Nagpal
Key people  Chirag Saini (CEO) Rishabh Jain (COO) Dipesh Nagpal (CTO)
Industry  Mobile Payments, Financial Services

Finmo is a digital finance company based in Gurgaon, Haryana. It enables direct bank to bank transfers using the UPI (Unified Payments Interface) and allows users to send or request money, using a phone number or a unique virtual ID – VPA (Virtual Payment Address).



Finmo is a free mobile banking app powered by UPI (Advanced version of IMPS) allowing users to use their money freely and securely. With Finmo, users can send or request money, to/from anyone using a phone number or a unique virtual ID – VPA (Virtual Payment Address). Users would also be able to use Finmo to pay utility bills or recharge prepaid mobile, DTH etc.


Finmo was founded by two friends, Chirag Saini and Rishabh Jain, both alumni of VIT University, Vellore and later worked together at Practo. According to Rishabh, the idea of Finmo originated after they had been working hard on their first idea and while in the process of pivoting, Chirag had been reading the book Rich Dad Poor Dad by Robert Kiyosaki, plus transferring money, settling daily expenses and keeping a check on finances, inspired them to build an application to enable instant and secure payments, with an expense manager to manage finances, while also giving it a social component. In June 2016, during the founding of Finmo, Dipesh Nagpal joined the company as the CTO. Their original prototype was designed to send money through the IMPS (Immediate Payment Service), but they eventually transitioned from IMPS to UPI.


Finmo Wikipedia