MyUniverseAB Grp

completed

MyUniverse is an internet based personal financial services platform providing aggregation, analysis, rule based recommendations and transactions to help individuals manage their personal finances. Users can link their bank accounts, savings account, credit cards, insurance, investment accounts etc. on a single platform with a dashboard to manage assets, liabilities, expenses and income.The platform opens up the possibility of large scale participation in personal financial management - something which has largely been available only to high net worth individuals. In addition, the Indian market is characterized by a low level of financial literacy, high level of savings that generate limited returns and lack of transparency available to the general population on appropriate investment products. MyUniverse aims to empower individuals to make informed decisions about savings and investing for the long term. MyUniverse is targeting all age groups with special focus on 25 to 45 year olds, many of whom are getting their first opportunity, through this portal, to manage finances and implement structured investments.IFC is considering an equity investment in the company to support the expansion of the existing business in India.