BankBazaar provides an online marketplace for users with customized rate quotes on loans and insurance products. It allows users to search for, compare and apply for loans, credit cards, and insurance products on the site. The company was founded in 2008 and is based in Chennai, India.
ESPs containing BankBazaar
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The lending marketplaces market aims to provide financial inclusion and access to credit for individuals and small businesses who have been left out by traditional financial institutions. The market addresses the pain points of borrowers who lack credit history, documentation, or collateral, and offers a range of financing options with lower costs and faster processing through technology-enabled p…
Expert Collections containing BankBazaar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
BankBazaar is included in 3 Expert Collections, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Excludes US-based companies
Latest BankBazaar News
Nov 21, 2023
54% of people choose mutual funds as preferred financial investment option, shows survey Share The survey conducted by BankBazaar indicates that mutual funds and fixed deposits continue to be the preferred choices for financial investments among a majority of individuals. According to the survey results, 54% of respondents favor mutual funds, while 53% opt for fixed deposits. These traditional investment avenues remain popular due to factors such as perceived safety, steady returns, and ease of investment. Related Articles November 21, 2023 While mutual funds offer individuals the opportunity to invest in a diversified portfolio managed by professionals, fixed deposits are known for their stability and assured returns. The survey highlights the enduring appeal of these investment instruments in the financial landscape. The preference for mutual funds and fixed deposits is consistent with the broader trend of risk-averse investment behavior observed among a significant segment of the population. The findings of the BankBazaar survey underscore the importance of understanding investor sentiments and preferences in the financial market. Investors often choose financial instruments based on their risk tolerance, financial goals, and the perceived stability of the investment option. Recognizing the ongoing popularity of mutual funds and fixed deposits can inform financial institutions and investment advisors in tailoring their services to meet the needs and expectations of investors. The BankBazaar survey reveals that the most popular financial product overall is the savings bank account, chosen by 77% of respondents. While a savings account is not traditionally considered an investment avenue, its popularity suggests that individuals value the liquidity, safety, and ease of access associated with these accounts. Savings accounts serve as a fundamental tool for managing day-to-day finances, providing a secure place to hold funds, make transactions, and earn nominal interest. The widespread preference for savings accounts aligns with the fundamental role they play in personal finance. These accounts are a cornerstone for individuals to receive income, save money, and meet short-term financial needs. The popularity of savings accounts underscores their significance in the financial ecosystem, serving as a foundational component of an individual’s overall financial strategy. Understanding the prominence of savings accounts in the financial preferences of individuals is crucial for financial institutions and policymakers. It reflects the inherent need for accessible and secure financial tools that cater to the basic financial requirements of the population. The survey results highlight the enduring relevance of savings accounts in the broader landscape of financial products and services. The BankBazaar survey provides insights into the financial preferences of individuals, indicating notable trends and shifts in investment choices, particularly against the backdrop of global geopolitical tensions and high inflation in the past two years. The survey reveals that mutual funds and fixed deposits remain the top choices for financial investments, with 54% and 53% of respondents favoring these options, respectively. These choices indicate a continued interest in both market-linked investments (mutual funds) and traditional fixed-income instruments (fixed deposits). Mutual funds offer individuals the opportunity to participate in the stock market with professional fund management, while fixed deposits provide a secure and predictable avenue for preserving capital. Despite these investment preferences, the most popular financial product overall is the savings bank account, chosen by 77% of respondents. The enduring popularity of savings accounts underscores their fundamental role in managing day-to-day finances, providing liquidity, safety, and ease of access. When considering the gender split, the survey indicates that men are slightly more inclined towards savings bank accounts, with 79% choosing this option compared to 76% of women. This suggests subtle variations in financial preferences between genders, with men showing a slightly higher preference for the security and accessibility offered by savings accounts.
BankBazaar Frequently Asked Questions (FAQ)
When was BankBazaar founded?
BankBazaar was founded in 2008.
Where is BankBazaar's headquarters?
BankBazaar's headquarters is located at Module No 602 - 604, 6th Floor, TICEL Bio Park, Chennai.
What is BankBazaar's latest funding round?
BankBazaar's latest funding round is Series D - IV.
How much did BankBazaar raise?
BankBazaar raised a total of $118.79M.
Who are the investors of BankBazaar?
Investors of BankBazaar include Walden International, Amazon, Eight Roads Ventures, Peak XV Partners, SK telecom Ventures and 6 more.
Who are BankBazaar's competitors?
Competitors of BankBazaar include MyShubhLife and 3 more.
Compare BankBazaar to Competitors
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