5 FinTech Apps Helping Women Achieve Financial Independence

By Leandra Monteiro

Financial independence is important for each individual, as it leads to financial security. However, the relationship between women and the economy has always been in doubt, as it is believed that women are not the best at money management and only men can take control of the economy. Women have historically faced economic inequality, which has made it difficult for them to make any kind of money decisions.

Despite that, financial independence is of utmost importance to women, as it gives them the freedom to make their own decisions and pursue their own goals. Fortunately, several FinTech apps are helping women take control of their finances for a secure financial future.

FinTech apps are designed to make financial management easier and more efficient. They can help women track their spending, set budgets and save money. Additionally, these apps can help create awareness so millennial women can move their money in the right direction.

Here are a few FinTech apps that can help women make the best financial decisions:

Basis is India’s first prepaid card app and a full-fledged financial services destination for women. It bridges the knowledge and confidence gaps to help women make the right financial decisions. Basis is designed and built for women to help them achieve financial security. By offering all types of financial education and investment advice, Basis is ready to make women financially secure.

Before we achieve complete financial stability, many of us often need little financial assistance. This can range from a large amount of money, say 30,000 to start a business, to a smaller amount of INR 500 for a last-minute cash crunch. Fortunately, mPokket has us covered. It is an instant personal loan app that provides instant loans to women with minimal paperwork, anytime, anywhere. Moreover, mPokket can be a complete savior when it comes to regular education expenses, which can help women achieve both financial and educational stability.

PhonePe is a simple, fast and secure payment app, which can help women make payments anytime, anywhere. It can offer women equal opportunities to accelerate their progress by unlocking the flow of money and access to services. It is an app for everything money. From paying shopping bills to buying gold to investing money and booking flights, PhonePe is a versatile FinTech app that can provide reliable financial assistance to women.

Simpl is a mobile-first platform for credit-based payments that empowers online retailers to build trusted relationships with their best customers. This platform gives women the opportunity to purchase products and services without worrying about cash at the last minute. This can lead to greater financial stability, and also give women sellers the opportunity to build trust with customers through each transaction. Simpl is an innovative FinTech app that can ensure women have access to the resources they need.

ZestMoney

ZestMoney can be of great help when it comes to making expensive payments quickly. It allows Indian women who have an inadequate credit history to make their lives more affordable through technology-driven solutions. ZestMoney’s app uses mobile technology, digital banking and artificial intelligence to make life easier when it comes to making instant payments. This is particularly beneficial for single mothers, who can pay for products and services in installments without having to worry about interest. With ZestMoney, paying expensive bills can be a stress-free experience.

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