Launch HN: Piggy (YC S17) – Investment App for India

📰 Hacker News · nikhilmantha

Hey HN! This is Nikhil here with Ankush and Kunal. We founded Piggy ( https://piggy.co.in/ ), an investment app for Indians. Think of it as a mobile-first Vanguard for India. With Piggy you can invest in mutual funds, track your investment portfolio and save for retirement. Historically, public sector employees vastly outnumbered private sector ones in India. Those public jobs came with pensions, so no one had to think about investing their own money. In 2016, for the first time, the private jobs overtook the public. People have to invest their own money now, and it's complicated and expensive. We built Piggy to help solve those problems. This new Indian middle class is searching for good places to invest, which is why the mutual fund market is growing so quickly - assets grew by 40% in just the last year to $300B. Every one of these new investors has a smartphone, which is why Piggy is mobile first. The app has quick online account setup, easy to use interface, bui

Published 26 Jul 2017
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