Fello Analysis: $1M Raised
What is Fello?
Fello is India's largest rewarding and savings app, enabling users to earn up to 15.5% returns through digital gold and P2P lending, with weekly reward draws.
Employees
24
Founded
2021
Revenue
$20M
Business Model
Game-based savings app; revenue from investments and user engagement incentives.
ZoomInfo
Product Features & Capabilities
- Digital Gold, P2P Lending Assets, Earn up to 15.5% Returns, Rewards System, Weekly Draws
How much Fello raised
1 - $1 million
January 5, 2022Lead Investor: Entrepreneur First, Acequia Capital, and others
Market Focus
Fello primarily focuses on the financial technology (fintech) industry, specifically in the areas of savings, investment, and rewards through digital gold and P2P lending assets.
Competitors Overview
Fello's main competitors in the rewarding and savings app market include:
- Spare8: Specializes in digital gold investments, allowing users to invest in gold digitally with a platform backed by physical gold. It offers a user-friendly app with no transaction fees and the option to redeem digit
Investors
- Glen Tullman's 62Ventures
- The Capital Factory Fellowship Fund
- Other undisclosed investors
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