Tiger Global-backed Jar crafting a financial fitness platform to instil savings habits

Tiger Global-backed investment startup Jar is eyeing the peer-to-peer or P2P lending space. Speaking at the Arkam India Innovation Summit, its co-founder and CEO Nishchay AG, said P2P was a promising category, and if the company does get into it, it would only do so after ensuring compliance was in place and all regulations were met. This is even as the Reserve Bank is looking to tighten regulations in this segment following concerns about certain players flouting norms.

AG outlined the company's vision of creating a financial fitness platform aimed at fostering savings habits and gradually diversifying into various asset classes, starting with gold.

“Our vision is to build a financial fitness platform that will help people build and inculcate the habit of savings and slowly diversify that into multiple asset classes starting from gold. From gold, we are helping them to diversify into multiple asset classes, we will help them to invest in mutual funds; we will help them to invest in multiple other alternate asset classes.”