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Fabits

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Goal-based savings app offering financial planning and investment services.

Overview

Fabits is a personal savings application designed to assist users in achieving specific financial goals, which can include both short-term objectives, such as vacations, and long-term targets, like retirement savings. The application employs algorithms to develop tailored savings plans, recommending monthly deposit amounts and monitoring user progress. Fabits includes financial planning tools, curated investment options, and access to financial advisors, serving both employers and advisors. The platform prioritizes the use of exchange-traded funds (ETFs) over mutual funds and aims to ensure investment protection through compliance with regulatory standards. Fabits accommodates small investment amounts and offers customer support through both artificial intelligence and human representatives.

Key facts

Founded
2014
Headquarters
Bengaluru, India

Business model

Contact

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About Fabits

What does Fabits do?

Fabits is a personal savings application designed to assist users in achieving specific financial goals, which can include both short-term objectives, such as vacations, and long-term targets, like retirement savings.

Where is Fabits headquartered?

Fabits is headquartered in Bengaluru, India.

When was Fabits founded?

Fabits was founded in 2014.

Which sector is Fabits in?

Fabits operates in Personal Finance Management, part of Financial Technology.

Who are Fabits's competitors?

Companies similar to Fabits include Xeno, Multipl, and Apella.