Fin-School is a Bangalore based startup founded by Amit S Pawani and Nitin. Fin-School is a company which is into providing processed technical data for various segments in Capital Markets. Fin-School is started with the vision to help retail traders in the market to help them with ready to work with technology in the market to make a consistent profit. They show that the projected trigger values for the indicator are more profitable trades than the traditional method.
“We are data scientist giving specific pattern and trend on the basis of historical data and easing availability of technical data which is more understandable to Lyman”, says Amit.
We got an opportunity to talk with Amit, one of the co-founders of the Fin-School. And I am sure; his startup story and his product will inspire you. Look at the journey of Amit as a co-founder. See what how he has worked hard to provide the best.
Give a brief info about your startup?
We are a Fin-Tech company which is into providing processed technical data for various segments in Capital Markets. Started by Data Scientist and our first product is to give future Trigger Values based on commonly known indicators. We believe we are the only in the world providing this data. In simple words, all the analysis software’s provide buying and selling signals on certain conditions or movement in price. We provide the price at which that indicator will give a buy or sell. Thereby we have achieved something special which no other company is providing. We have been able to show that the projected trigger values for the indicator are more profitable trades than the traditional method.
We believe in building a technology platform that will ignite scientific approach to every investment decision by making investment more data-driven, transparent and impactful. Removing the Risk in investment by UnRisk.
What made you start your startup and what problem does it solve?
We came across many people entering the markets and leaving with huge losses and many wiping their lifetime savings. We could not understand the high frequency of retail traders. We tried to understand and analyse the reason and were surprised to find that there is a huge amount of free authenticated data available for retail traders to have a safe trade in every trading system to develop so that eventually they develop a good trading system to give consistent profit. However, there was the majority of them who lacked access to data, or unaware of available data, lack of training to analyse the markets and more importantly good base system to start.
So we started with an analysis of what could jetpack the current traders in the market to have them something ready to work with technology in the market and make a consistent profit.
Tell us about yourself, your previous jobs/ventures? What were you doing before this startup?
The vision of the company has been set by Amit S Pawani, a Chartered Accountant by qualification and he is a co-founder of brand Boxight. Boxight featured in Gadget Guru for being the first Indian company to make Google Cardboard in India. Boxight were supplying VR Kits in cardboard at less than $2 which is less than their Chinese competitor. Boxight, unfortunately, could not scale up and folded their operations in two years as both the founders pursued their other ventures more strongly.
Where is your startup based out of? Why do you think that is the best place for you?
Fin-school is based out of Bangalore having its office in Malleshwaram. We are looking to scale globally and we will soon have our headquarters moved to US or Singapore.
As a startup founder, what are you paranoid about? What keeps you awake at night?
Experienced traders looking at our app think of us as Tip Advisors and this is what gets us paranoid. We have started the company with a vision that all the retail traders will be empowered to make consistent profits on their own without any tip providers. This will make the Markets healthy for retail traders and induce more entrants in the market. But when users think us as tip providers we really get paranoid.
Who are your competitions and how are you better than them?
We find that we are currently not having any competitor in the mobile app in the space of the kind of technical data provided in the mobile app. However, we have a number of competitors which provide real-time data and other financial information. In space of mobile apps providing good technical data through charts, competitors will be Market Pulse, Upstox and Fryers and similar apps.
How hard is it to have a work-life balance as a startup founder and how do you manage it?
It is very hard to have a work-life balance as startup founder as the shear demand of multiple areas requiring time is a daily routine. Keeping branding, marketing, Technological development and other admin related work make me involved in all areas and makes it difficult having a work life balance. However, I believe that after roles and responsibilities are assigned to people work load will reduce.
Have you raised funding? If yes, then we would like to know the details. If no then please tell us if you are looking to raise.
No, we have not raised funding. We are looking to raise fund from individual / VC who would have experience in the capital market and will be able to contribute to growth and scaling of business.
What’s the biggest misconception people have about you? Why do they have that? What’s the reality?
We find it strange that people perceive us Tip Providers / Investment Advisors. The total approach to understanding what we do seems incorrect when we are seen as Investment Advisors. We are providing a scientific computation of technical data. We are data scientist giving specific pattern and trend on basis of historical data and easing availability of technical data which is more understandable to lyman.
What gets you excited about this company?
Making difference in common-man’s ease and success in their investment. When they communicate their satisfaction and sharing their profits it is a feeling of living our purpose.
Tell us how a day in your life looks like? Your schedule for a day right from the time you get up till you hit the bed at night.
I start my day at 7, updating the data for the app right after brushing my teeth… and manage other daily routines around it. As the markets start we are all engaged in noting the performance of data and noting the performances. Lots of meetings fill the day and extend till mid-night most of the time. Hoping that once we are in good revenue stream things will better themselves out to give more relaxed schedule and balance.
Tell us about your team and how did you meet each other?
I have been involved in developing the first verion of the app and my Partner Nitin, a dear friend and core team member has been a stockbroker for more than 10 years was the logical person to connect to test the result of the analysis. Once we found there is enough material to make it into a business model we set-up the company. We have Leslie joining as marketing and strategy, who has been working on the sales and key tie-ups. He has currently been focusing on his family business and we expect him to rejoin soon. Also, we have Ravi in my Analyst team, Aryan in Retail Marketing and Raghavendra in Franchisee expansion.
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