FinTech Hive, a homegrown start-up company founded through PickMe’s incubation programme, introduced their tech-enabled, futuristic and secure financial assistance platform ‘Moneta’ to the Sri Lankan market recently.
Moneta is an on-demand, versatile personal financial assistance ‘Lifestyle App’ which enables discerning users make prudent financial decisions with regard to saving and spending. Moneta is working with Sri Lanka’s leading Banks to provide fast, reliable and secure services to fulfill customers’ emergency financial requirements at any given time. Customers could choose a flexible repayment method based on their preference and at convenience.
Ideally positioned to cater to young working executives, Moneta’s brand-promise is aptly titled ‘Life beyond Limits.’
“Moneta works with three pillars: Speed, Innovation and Positive Social Impact. Our innovative solution allows customers to enjoy fast and personalized services. As a truly Sri Lankan brand, we strive to create a positive social impact on the lives of Sri Lankans. Moneta is a personal friend to young executives, enabling them to cherish life’s finer things,” commented Shayanthan Kanaganayagham, Founder & CEO of Moneta.
Moneta provides young executives the opportunity to enjoy a comfortable, appealing social lifestyle with access to credit on-demand.
Moneta Premium Service allows full time, salaried employees to access on-demand credit facility up to LKR 100,000 through MoCredit and MoEMI (Equally divided Monthly Installment) based on their credit worthiness.
To access Moneta Premium Service, customers need to provide proof-of-identity, home address and proof-of-employment. But this process merely takes 5 minutes of their time.
Once Moneta Premium is enabled, customers could make use of the on-demand credit facility in MoCredit for utility bill payments and enjoy access to personalized instant loans.
Moreover, they would be able to purchase lifestyle products such as electronic devices, home appliances and clothes through MoEMI.
“Moneta promises to be a fellow traveller in our customers’ journey, a constant companion to help them enjoy life beyond limits,” added Shayanthan.
“At the moment, Moneta is prepared to assist employees who have had to endure financial distress due to unavoidable salary cuts in the face of COVID – 19, restrictions on businesses.
Accordingly, Moneta facilitates a special relief program called “Employee CARE Programme” available for 3 months for employees who were affected by temporary salary reductions.”
FnTech Hive is a Sri Lankan start-up company founded through the PickMe Incubation programme, secured seed investment from Digital Mobility Solutions Lanka (PVT) Ltd., and Google Startup Launchpad.
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