Finvasia: Innovating across finance, healthcare, and beyond
When Sarvjeet and Tajinder Virk founded Finvasia in 2009, they weren't just building a company - they were challenging the way industries operate. What started as a fintech venture has grown into a global powerhouse spanning financial services, healthcare, biomedical engineering, and investment banking. With over five million clients in 190+ countries, Finvasia's disruptive products are reshaping markets, making them more accessible, transparent, and technology-driven.
But Finvasia is not just another company - it's an ecosystem of innovation. Whether it's revolutionising stock trading, copy trading, AI-driven banking, medicine derived from food, or wearable biosensors, the company is proving that real-world problems need interdisciplinary solutions.
Shoonya: The Zero-Commission Trading Disruptor
If there's one product that put Finvasia on the map, it's Shoonya - India's first truly zero-commission trading platform. Launched to democratise investing, Shoonya disrupted the brokerage industry by eliminating trading fees across equities, commodities, derivatives, and currencies.
For traders, this meant more than just savings - it meant unrestricted access to markets without hidden costs. As a result, Shoonya has seen exponential adoption, attracting millions of retail investors and forcing traditional brokers to rethink their pricing models.
ZuluTrade: Social trading on a $2 trillion scale
On the global stage, Finvasia expanded into social trading with the acquisition of ZuluTrade in 2021. Founded in 2007, ZuluTrade has facilitated over $2 trillion in trades and serves users in 150+ countries.
ZuluTrade is not just a copy-trading platform - it's an ecosystem where traders, investors, and brokers connect. Under Finvasia's leadership, the platform is evolving beyond copy trading, integrating AI, risk analytics, and user-driven enhancements to make investing more collaborative and data-driven.
Jumpp: AI-Powered Neo-Banking for the future
Traditional banking is complex, fragmented, and outdated - Finvasia's answer to this? Jumpp.
Jumpp is an AI-driven neo-banking super app that combines banking, savings, payments, investing, and lending into a single, intelligent platform. Unlike traditional apps, Jumpp isn't just about transactions - it's about financial empowerment.
Using multilingual AI, it provides spending insights, budgeting recommendations, and personalised financial strategies. Built in collaboration with YES Bank, Jumpp is not just another fintech app - it's a step toward fully automated, user-centric banking.
Ethniq: Transforming medicine Through Food Science
What if food could be medicine - literally? That's the philosophy behind Ethniq, a pioneering venture that develops pharmaceuticals derived from natural food sources.
Unlike traditional drug development, Ethniq creates plant-based, scientifically validated medicines. With 10 products already approved by FSSAI and AYUSH India, Ethniq is leading a new frontier in holistic healthcare.
It has also received a patent for one of its innovative medicines and is awaiting approval for several others. This approach is not just about treating diseases but preventing them - a radical shift in how medicine is developed and consumed.
ActTrader: A powerhouse in trading technology
With financial markets evolving rapidly, professional traders demand high-performance trading platforms. Finvasia's ActTrader is exactly that - a battle-tested, institutional-grade trading technology that has powered global financial institutions for over two decades.
Designed for high-frequency traders and institutional investors, ActTrader ensures seamless execution, algorithmic trading, and multi-asset support, making it a critical pillar in Finvasia's financial ecosystem.
Bodyloop: The future of biomedical engineering
Wearable health trackers are common - but what if your body itself could monitor its health? Bodyloop is bringing that vision to life.
Finvasia is developing 'in-body' microsensors that will allow real-time, continuous monitoring of vital health parameters. This cutting-edge biomedical engineering project aims to revolutionize early disease detection and patient care, taking personal healthcare beyond wearables and into seamless, real-time bio-monitoring.
Gini Health: A DNA-based approach to diabetes reversal
Prevention is better than cure, but what if chronic diseases like diabetes could be reversed?
Gini Health is an innovative DNA-based and diabetes reversal healthcare facility that provides end-to-end treatment, from ICU to OPD. By integrating genomics, AI-driven diagnostics, and precision medicine, Gini Health creates personalised treatment plans aimed at reversing diabetes, rather than just managing it.
This science-driven, patient-centric approach makes Gini Health a game-changer in tackling one of the world's biggest health crises.
A global financial and investment banking powerhouse
Beyond fintech and healthcare, Finvasia is deeply entrenched in global finance, with brokerage and investment banking operations spanning Mauritius, UAE, South Africa, and the EU.
Its brokerage platforms serve retail and institutional clients, providing low-cost, high-efficiency trading solutions. Meanwhile, its investment banking arm focuses on capital markets, structured finance, and strategic advisory services, solidifying Finvasia's reputation as a serious player in global finance.
What's next for Finvasia?
Few companies can claim expertise across financial services, AI, medicine, and biomedical engineering - but Finvasia thrives on breaking boundaries.
With ongoing patents, rapid global expansion, and cutting-edge technology in multiple industries, Finvasia is not just shaping the future - it's creating it. Whether it's making trading free, revolutionising banking, redefining medicine, or pioneering bio-sensing technology, the company is proving that the most disruptive innovations happen when industries intersect.
As Finvasia continues to grow, one thing is clear: this isn't just a company to watch - it's one that's changing the way we think about finance, health, and technology altogether.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
3 days ago
- Khaleej Times
India considers easing bank ownership rules as foreign interest grows
The Indian banking regulator is signalling possible rule changes ahead that would let foreigners own more of India's banks, spurred by overseas institutions' eagerness for acquisitions and the fast-growing economy's need for more long-term capital. The Reserve Bank of India last month bent its rules to let Japan's Sumitomo Mitsui Banking Corp buy a 20% stake in Yes Bank, and two foreign institutions are vying for a stake in IDBI Bank, highlighting the pressure to ease foreign ownership rules that are among the strictest of any major economy. RBI Governor Sanjay Malhotra told the Times of India last week that the central bank was examining shareholding and licensing rules for banks as part of a broader review. A source familiar with the central bank's thinking said it would be more open to letting regulated financial institutions own bigger stakes, with approvals on a case-by-case basis, and to certain rule changes that could address disincentives for foreign acquisitions. Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements. Such pacts could open up new opportunities in India for global lenders elsewhere in Asia and the Middle East. "The interest is driven by India's strong economic growth and large under-penetrated market," said Madhav Nair, deputy chairman of the Indian Banks Association. Indian regulators, for their part, worry that India lags other large economies in mobilising banking capital, which will be vital to sustaining rapid economic growth. Alka Anbarasu, associate managing director at Moody's Investors Service, said India will need much more capital for its banking system over the medium term. "Whether this has prompted the regulator to consider bringing in strong international players into the banking system, it would be a good rationale for doing so," she said. While most large global banks from Citibank to HSBC to Standard Chartered have operations in India, they are focused on the more profitable corporate and transaction banking segments, along with trading, rather than bread-and-butter lending. The share of foreign banks in outstanding bank credit in India is less than 4%, central bank data shows. Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor's stake to 15%. Foreign banks are also deterred by a maze of other regulations, including a 26% cap on voting rights and a requirement that any large shareholding by a so-called promoter - a strategic investor with direct influence over management decisions - be sold down to 26% within 15 years. The RBI is open to giving foreign buyers more time to sell down their stake, the source familiar with the bank's thinking said. The source declined to be identified as the deliberations are confidential. The RBI did not respond to an email seeking comment. The source also highlighted the banking regulator's increased openness to case-by-case exemptions from the 15% ownership limit, as offered for the Yes Bank purchase. The $1.58 billion deal was the largest cross-border acquisition ever in India's financial sector. Two foreign investors - Canada's Fairfax Holdings and Emirates NBD - are also contending for a 60% stake in government-owned IDBI Bank. Emirates recently received regulatory approval to set up an Indian subsidiary, making it only the third major foreign bank to do so after Singapore's DBS and State Bank of Mauritius. The decision was prompted by an interest to acquire a majority stake in IDBI Bank, a source familiar with the buyers' thinking said. Emirates NBD declined to comment. Fairfax did not respond to a request for comment. An increase in the 26% cap on voting rights, or in the 15% investment limit, could encourage foreign bank investors, ratings agency Fitch said in a note last week. It believes the RBI's preference is for foreign banks with a strong performance and solid governance to acquire stakes larger than 26% through wholly owned subsidiaries regulated in India. The source familiar with RBI thinking said the limit on voting rights was hard-coded in law and would need to be reviewed by the finance ministry. On regulatory issues under the central bank's purview, the source added, the stance on foreign strategic investors may need to be adjusted, especially given domestic investors' lack of interest in running banks. "Where the long-term capital will come from will have to be thought through," the source said.
Zawya
3 days ago
- Zawya
India considers easing bank ownership rules as foreign interest grows
MUMBAI - The Indian banking regulator is signalling possible rule changes ahead that would let foreigners own more of India's banks, spurred by overseas institutions' eagerness for acquisitions and the fast-growing economy's need for more long-term capital. The Reserve Bank of India last month bent its rules to let Japan's Sumitomo Mitsui Banking Corp buy a 20% stake in Yes Bank, and two foreign institutions are vying for a stake in IDBI Bank, highlighting the pressure to ease foreign ownership rules that are among the strictest of any major economy. RBI Governor Sanjay Malhotra told the Times of India last week that the central bank was examining shareholding and licensing rules for banks as part of a broader review. A source familiar with the central bank's thinking said it would be more open to letting regulated financial institutions own bigger stakes, with approvals on a case-by-case basis, and to certain rule changes that could address disincentives for foreign acquisitions. Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements. Such pacts could open up new opportunities in India for global lenders elsewhere in Asia and the Middle East. "The interest is driven by India's strong economic growth and large under-penetrated market," said Madhav Nair, deputy chairman of the Indian Banks Association. Indian regulators, for their part, worry that India lags other large economies in mobilising banking capital, which will be vital to sustaining rapid economic growth. Alka Anbarasu, associate managing director at Moody's Investors Service, said India will need much more capital for its banking system over the medium term. "Whether this has prompted the regulator to consider bringing in strong international players into the banking system, it would be a good rationale for doing so," she said. While most large global banks from Citibank to HSBC to Standard Chartered have operations in India, they are focused on the more profitable corporate and transaction banking segments, along with trading, rather than bread-and-butter lending. The share of foreign banks in outstanding bank credit in India is less than 4%, central bank data shows. Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor's stake to 15%. Foreign banks are also deterred by a maze of other regulations, including a 26% cap on voting rights and a requirement that any large shareholding by a so-called promoter - a strategic investor with direct influence over management decisions - be sold down to 26% within 15 years. The RBI is open to giving foreign buyers more time to sell down their stake, the source familiar with the bank's thinking said. The source declined to be identified as the deliberations are confidential. The RBI did not respond to an email seeking comment. The source also highlighted the banking regulator's increased openness to case-by-case exemptions from the 15% ownership limit, as offered for the Yes Bank purchase. The $1.58 billion deal was the largest cross-border acquisition ever in India's financial sector. Two foreign investors - Canada's Fairfax Holdings and Emirates NBD - are also contending for a 60% stake in government-owned IDBI Bank. Emirates recently received regulatory approval to set up an Indian subsidiary, making it only the third major foreign bank to do so after Singapore's DBS and State Bank of Mauritius. The decision was prompted by an interest to acquire a majority stake in IDBI Bank, a source familiar with the buyers' thinking said. Emirates NBD declined to comment. Fairfax did not respond to a request for comment. An increase in the 26% cap on voting rights, or in the 15% investment limit, could encourage foreign bank investors, ratings agency Fitch said in a note last week. It believes the RBI's preference is for foreign banks with a strong performance and solid governance to acquire stakes larger than 26% through wholly owned subsidiaries regulated in India. The source familiar with RBI thinking said the limit on voting rights was hard-coded in law and would need to be reviewed by the finance ministry. On regulatory issues under the central bank's purview, the source added, the stance on foreign strategic investors may need to be adjusted, especially given domestic investors' lack of interest in running banks. "Where the long-term capital will come from will have to be thought through," the source said. (Reporting by Ira Dugal and Swati Bhat; Editing by Edmund Klamann)
Zawya
15-05-2025
- Zawya
India's Yes Bank expects Japan's SMBC to maintain at least 20% stake, CEO says
India's Yes Bank expects Japan's Sumitomo Mitsui Banking Corp (SMBC) to maintain at least 20% stake in the lender but said that regulatory requirements may be keeping it from raising shareholding significantly beyond that, the bank's chief executive said. SMBC on Friday said it had signed a definitive agreement to take a 20% stake in Mumbai-based Yes Bank, a deal that marks the largest cross-border merger and acquisition deal in India's financial sector. SMBC, is a unit of Sumitomo Mitsui Financial Group and is Japan's second-biggest bank. "For potential capital raises in the future, SMBC would be contributing," Yes Bank's CEO Prashant Kumar told Reuters in an interview on Thursday. "It also means they (SMBC) would not like to get their stake below 20%." As part of the deal, SBI will acquire a 13.19% stake from State Bank of India, also its largest investor, and an aggregate of 6.81% from other banks that had rescued it as a result of the regulator-led restructuring in March 2020. SMBC's stake buy stopped short of the 25% shareholding, which under Indian regulations triggers an open offer for another 26% from public shareholders at the same price offered to a strategic investor. The "logical" reason why SMBC did not take a higher stake in Yes Bank was probably to avoid triggering an open offer of shares, and being classified as a promoter, which carries significant regulatory obligations, Kumar said. Large shareholders with control over a company's operations are termed as "promoters" under Indian regulations and being categorised as one carries tougher reporting requirements. Kumar expects the regulatory approvals for the deal to come in by September. The transaction is subject to regulatory approvals from the Reserve Bank of India, Competition Commission of India and shareholders of the Bank. Shares of Yes Bank have risen 7.5% since the announcement of the deal and, on Wednesday, Moody's Ratings said that SMBC's stake acquisition is credit positive for the Indian lender. A re-rating, if it happens, will open doors raising funds at a cheaper cost and also expand lending opportunities, Kumar said. SMBC's focus on large corporate customers will also help the bank expand in areas like transaction banking, he said. Yes Bank, however, will remain focused on retail lending primarily, which formed 41.2% of its loan book as on March-end. "I don't think the retail-corporate mix, will change post the deal; we would be more focused towards retail," Kumar said. (Reporting by Siddhi Nayak, editing by David Evans)
