In an age that is constantly changing the way technology impacts how we conduct our daily lives, smartphones apps have evolved into essential devices. These apps aren’t just for communications and entertainment. They’ve also entered the realm of personal financial planning. Of the many fintech applications they offer an original and exciting method to invest, save as well as have fun when you do it and that’s Fello. This review will look at what is the Fello application is and how it functions as well as its most important features and the best way to start. We’ll then dive into the exciting world of earning, saving and gaming all in the Fello application.
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What’s the Fello app?
The Fello application is a gaming-based savings app designed to assist people save and increase their savings while also getting daily rewards. It’s a combination of traditional savings with modern games. Its aim is to make the process of saving money enjoyable and rewarding and encourage users to increase savings by playing a game. It claims that it can increase your savings up to 12% through investing in investments such as digital gold as well as Fello Flo (a P2P lending product that is partnered with an NBFC Partner). The app for mobile devices is available for download on Android as well as the iOS Play Store and has thousands of downloaded.
📢 LIMITED OFFER: Fello App 12% Signup Bonus to Get ₹750 as a Reward
What is the Fello App’s purpose?
Fello runs on a straightforward but clever idea: save to earn. If you make a deposit in safe assets through the application you’ll receive Fello tickets. They can be utilized to play games in the application and earn rewards. In addition, for each one rupee. 500 that you have saved, you can receive a weekly reward which opens the way to greater benefits. One of the most exciting methods Fello gives its customers rewards is by offering “Fello scratch-cards.” The cards can be earned when you reach landmarks, recommend friends to others, or earn weekly reward. The cards are filled with enticing prizes, and add an element of excitement and surprise the savings process. Fello provides an additional investment option named “Fello Fello Flo.” It is a P2P-based asset offered through their partner in asset management, LendBox and is registered as an NBFC company within the RBI. Through Fello Flo the user can get attractive returns between 12% and 13 percent per year. It allows its users to put money into Digital Gold (in conjunction with Augmont) which makes the accumulation of wealth more affordable and diversifiable. It is possible to purchase online gold (like other platforms) OR invest in the Gold Pro’ program that lets you save digital gold as well as earn investment interest too. It’s not just a saving app. It’s a place where customers can earn more money and have enjoyable.
Fello Founders
Fello was founded by Shourya Lala and Manish Maryada. They are an Y-combinator company. The company has received INR 4 million dollars in the latest round of funding led by the American-based Courtside Ventures along with Entrepreneur First, Ycombinator, Kube Venture and Upsparks. Investors from the angel community Kunal Shah, founder Cred, Kunal Shah who is the Founder of Cred, Lalit Kishore, co-founder of Groww, Charlie Songhurst, Dafeng as well as Alan Rutledge also participated in the round.
Fello App Features
The Fello app comes with features which make an exceptional financial service. Below are a few essential features that help Fello stand out from the crowd:
- Game-based savings: Fello transforms the mundane process of saving into an engaging game. Participants are given FELLO tickets that allow them for games, and to get rewards. This makes the saving process fun.
- Weekly Rewards: Each Rs. 500 you save on the app grants the user a weekly reward ticket, offering the possibility of winning appealing reward points.
- The Fello Scratch Card: Milestones referrals as well as weekly rewards, earn scratch cards that offer various reward options, adding a bit of excitement in your journey of saving.
- Fello Flo: An exclusive P2P partnership that is RBI-certified with LendBox gives users the chance to make attractive yields, surpassing traditional savings choices.
- Digital Gold Capital: Customers can make investments in Digital Gold via the app, thereby diversifying their portfolios of investment and growing the amount of wealth.
Fello Flo
Fello Flo is the app’s P2P-based investment service that is offered by the NBFC partner Lendbox. It has three plansthat you can use to earn the possibility of 12% or more in return. The three plans are:
- 12% Flo: Rs.10,000 minimal investment. Up to 12% annual returns. 6 month tenure.
- 10% Flo: Rs.1,000 Minimum investment amount, up to 12% return, 3 months of tenure.
- 8% Flo: Rs.100 Minimum investment amount, up to 12% annual returns. one week duration.
Alternatives to Fello alternatives to Flo
Investors are able to look through these platforms for diversification of their investments across different platforms. A few of the platforms you can think about are:
- Mobikwik Xtra: I recommend it for the most reliable for 12% p2p return in the market, I suggest as best alternative, if you want to see our review, just Click here.
- 13 Karat: 13 Karat is an identical platform as Fello however, it offers as much as 13% of a yield. Another advantage of 13Karat is that it’s secured by Cashe and makes use of its underwriting capabilities, making it a stronger platform.
- Lendbox Per Year: Lendbox is one of the longest-running P2P platforms that is based in India and has formed partnerships with some of the most renowned fintech firms in India which means that it has plenty of diverse borrower pools. Lendbox offers loans with immediate liquidity as well.
- IndiaP2P: It is the sole platform that is available in India that is physically based to verify the identity of borrowers and is more established in the field of lending than the other Fintech P2P platforms which rely entirely upon digital analysis.
How to Sign-Up and Begin with Fello app
Beginning by registering with Fello is easy. Take these easy steps to begin your path to saving money, earning and playing:
Step 1. Install the app
Fello is available for download on Fello is available on both Android Play Store and iOS App Store. Click here to download the application and receive additional benefits, or enter the coupon code MyT2 when you sign up for the application.
Step 2: Register
Once the application is downloaded, you can open it, and then follow the steps to register. It will require you to enter the basic details and create your account. Use Code https://fello.in/app/referral/MyT2
Step 3: Connect Your Account
Join your bank account and the app to make seamless transfer and savings. The app offers a secure system for financial transactions.
Step 4: Begin Saving
Start your journey to save by making a transfer of funds to the Fello application. Every rupee you save in secured assets you’ll get FELLO tokens that are used for games, and earn prizes.
Step 5: Explore Fello Flo as well as Digital Gold
Find investment options within the application. Take a look at Fello Flo for attractive returns or diversified your portfolio by adding Digital Gold investments. Now you’re all set to build wealth, earn and have fun with Fello!
If you go ahead, make sure to use my referral link or referral code given below as you will get ₹750 once you complete your signup and invest in 12%
Referral Link- Fello App Referral Link to Get ₹750 as a Reward
Referral Code – Z4QQ63
*(Update) To avail ₹750 as a reward you must need to signup and invest in 12% in fellow app from the above link or referral code within 24 hours. otherwise, you don’t get anything. so join fast…
Conclusion
In this article we’ve explored the distinct features and services of the Fello application. The products that it has to invest in- P2P investment via Lendbox and digital gold via Augmontcan be used to use through other applications as well as directly through its partner companies, Fello provides a unique and enjoyable solution to your financial goals by use of gaming. Combining gaming with financial services is an innovative alternative to the traditional methods of saving and provides users with fresh ways to improve their financial plans. Since our lives are becoming more digital, financial apps such as Fello illustrate the potential of technology to transform the way we deal with our financial affairs. The idea of “saving by gaming” is proof of the innovative solutions that are emerging in the world of fintech. As a conclusion, Fello offers a unique and intriguing way to protect your financial future by putting one cent into each. You can sign up to take a look in case digital gold or P2P investment are required to make up the majority of your portfolio.
Most Frequently Asked Questions (FAQs)
1. Are Fello a safe platform to save and invest?
Absolutely, Fello takes security seriously. The details of your bank account and transactions are secure thanks to secure encryption techniques and measures to protect your information.
2. How do I make FELLO tokens?
Earn FELLO tokens when you save cash in secure assets with the application. Every rupee you save you will receive FELLO tokens that are employed to play games and get prizes.
3. What are the advantages from Fello Flo?
Fello Flo is a 10 percent P2P funds that offer impressive returns. The potential is as high as 12% per annum. This is more than saving methods such as Fixed Deposits.
4. How do I make an investment into Digital Gold through Fello?
It offers the option to purchase Digital Gold via the application, which allows investors to diversify their portfolio of investments easily.
5. There are any charges that are associated with the use of Fello?
Fello doesn’t charge costs for accessing the application that allows you to build your funds without incurring additional charges.
6. What are the opinions of customers about Fello?
The Fello application has more than one million downloads with an average score of 4.3 five stars from over 3000 reviews as of the date of this article. Customer reviews online show that the application is loved by its users.
Be sure to install the Fello application and play around with the features available to begin earning money, saving and playing all together.
