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Published on : Wednesday, July 15, 2015
Fxkart.com, the online aggregator of Foreign Exchange Dealers, showcased its unique web and mobile app for exchange of foreign currency to overwhelming response at the prestigious India International Travel Mart (IITM) annual event held at Bengaluru recently. Fxkart.com aims to change the way consumers buy/sell forex in India through the use of technology.
The IITM event is a leading global event for the travel industry that brings professionals from the tourism industry together with people interested in travel. IITM is a vibrant, must attend business-to-business event presenting a diverse range of destinations and industry sectors to India and International travel professionals. It is a unique opportunity for the travel trade to meet, network, negotiate and conduct business.
“Fxkart.com went live for the customers and dealers in early 2015. We bring to you a unique, refreshing and fair method of exchanging foreign currency. We provide you the best exchange rates available in your city by comparing rates across dealers in your city, who compete for your business, making the rates offered very competitive!” said Abdul Hadi Shaikh, CEO of Fxkart.com. “Being a niche service, we will be targeting our customers through strategic marketing plans including participating in events like IITM that hold relevance for us as a brand.”
Fxkart.com is a UAE based Free Zone Company having its R&D Centre at Bengaluru. Fxkart had recently received $2M seed funding from its founder Dr Mushtaq Shah and its Strategic Advisor Dr Faraz Naqvi. This seed funding was in their private individual capacities. The funds are being used to expand the dealer network of the company in India and enhance the IT infrastructure.
“We launched our services in January we were a team a 6 people and in May we have scaled up to a 30 member team expanding in all departments. As our bandwidth increases, we have an internal goal to get every RBI licensed forex dealer in India on our portal. No matter where you are in India, we will get you the best rates for your Forex requirement!”