Indore: ‘Shootih’ India's first business wealth management platform for SMEs

Indore (Madhya Pradesh): Shootih recently announced the launch of their business wealth management platform for SMBs and MSMEs.

This will help small and medium-sized businesses get a consolidated, analytical view of their business transactions along with the ability to invest their idle cash and find tax-saving opportunities.

Vinita and Nilesh, co-founders of Systango, a mid-cap web and mobile development boutique headquartered in London, UK, faced a lot of challenges to find the best investment options to grow their idle cash. They were able to stay on top of cash flow with accounting software, but there was still no way to get insights on how to grow the surplus.

Vinita firmly believes that technology is the solution to modern business problems and thought of coming up with a tech-based solution that can help small-scale businesses like hers invest their idle business cash. Vinita's profound expertise in the tech, investment, and stock market along with Nilesh's experience in cash flow management and financial planning enabled the two to come up with "Shootih" - India's first-ever business wealth management platform.

Shootih, which means "prosperity" or "growth" in Sanskrit, provides businesses with AI-based insights and the ability to invest in mutual funds in a single click without the need for any brokers or repetitive paperwork.

Vinita says "We strongly believe that the market opportunity for such a fintech product is vast. The tool will enable small business owners to focus on what really matters (taking the business to the desired heights) and avoid distractions (caused by manual cash management processes)."

Published on: Tuesday, January 25, 2022, 12:56 PM IST