Welcome to Finsire!✨ Get a cup of coffee🍵 and be prepared for a walkthrough, to understand what Finsire offers as a business and how you and your organisation can benefit, by collaborating with us and our innovative applications. Let’s get started!

🚀 What is Finsire?

We are a Chennai based fintech start-up✨ providing lending enablement services to banks, NBFCs, fintech companies, credit requirement distribution, and depositories by permitting digital assets to be taken as collateral. Indian households 🏘️ hold over 14 trillion dollars in assets, and global households' assets are over 400 trillion dollars. Today, these assets are extremely hard to pledge. The idea is to allow the asset holder 🙋 to do what they wish to do with these assets.

Finsire’s mission is to map India’s wealth, which is stored in the form of Assets (Informational and Financial Assets).

Finsire's tech helps in interoperable asset fetching mechanisms, a better UI/UX (direct APIs) for users, a switch for pledged assets, a switch for access to the lender network and building at the forefront for asset classes yet to be digitized.

📊 What are Assets?

In Finance’s dictionary, assets 🎁 mean something valuable that can generate economic value to a company and reap benefits to the asset-owner.

Assets are key component to the company’s net worth. Assets can generate revenue - assets can be physical items, such as machinery or intellectual property. Assets are recorded/reported in a company’s balance sheet 📑, which is one of the crucial financial statements.

Assets accumulated, wisely purchased or invested in, can bring lots of prospects and opportunities, and can provide numerous methods of solving financial problems. FINSIRE is focused on solving such economic problems and is helping to create solutions to prevent financial crisis. 😥

📈 What are Asset Classes?

An asset class is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Equities (e.g. stocks), fixed income (e.g., bonds), cash and cash equivalents, real estate, commodities, and currencies are common examples of asset classes.

💎 What does Finsire offer?

DPI Locker 🔐:- It helps the users to pledge their Assets and gain secure credit from the selective Lenders.

Main Portal 📟:- It allows the lenders to view, manage and operate on their users' data for providing secure loan credit and help them gain access through secure credit.

🧩 Problem and the bigger picture

India is growing and although we were taught the value of assets, many of us do not know how these assets can be useful to us in time of need.

🤔The biggest problem in asset mapping can vary depending on the specific context and goals of the mapping effort. Asset mapping is a process used in various fields, such as community development, business, and natural resource management, to identify and assess the available resources and assets in a given area. Some common challenges and problems associated with asset mapping include:

Incomplete or outdated data: One of the primary issues in asset mapping is the availability of incomplete or outdated data. Assets may change over time, and keeping the information up-to-date can be a significant challenge.
Lack of standardization: Inconsistent data collection methods and a lack of standardized terminology can lead to confusion and difficulty in comparing and using asset data. Combining and integrating data from different sources or sectors can be complicated, as it often involves dealing with disparate datasets and formats.
Data Privacy and Security: In some cases, asset mapping may involve sensitive data, and ensuring privacy and security can be a challenge, especially when sharing data with multiple stakeholders.
Identifying all relevant assets: It can be difficult to identify and map all relevant assets in a given context. Some assets may be hidden, informal, or not immediately obvious.
Resource constraints: Asset mapping can require time, financial resources, and human resources. Smaller organizations or communities with limited resources may find it challenging to conduct comprehensive asset mapping.

To address these challenges, careful planning, stakeholder involvement, data quality assurance, and the use of appropriate technology and tools are essential. Asset mapping efforts should also be adaptable and flexible to accommodate changes over time.

Additionally, addressing privacy and security concerns is crucial in data-intensive asset mapping initiatives.