Loading organizations...
Key people at Finomena.
Finomena was founded in 2015 by Riddhi Mittal (Co Founder).
Finomena refers to two distinct financial entities, including an active Bangkok, Thailand-based wealth management platform and a defunct Bengaluru, India-based consumer lending startup. The operational Thai business provides personalized investment advisory services and financial education to retail investors. This platform manages over $1 billion in assets under advisement for 600,000 registered members through 2,500 financial advisors. Conversely, the Indian fintech company originated small-ticket electronics loans for students before ceasing operations in August 2017 due to low revenues and intense market competition. Prior to its closure, the Indian entity secured seed funding from Matrix Partners India and was named an International Innovator of the Year finalist at LendIt USA 2017. The Thai platform was established in 2016, while the Indian startup was founded in 2015 by Stanford University and IIT Delhi graduates Riddhi Mittal and Abhishek Garg.
Finomena was founded in 2015 by Riddhi Mittal (Co Founder).
Finnomena is a leading Thai fintech company founded in 2016, operating as an all-in-one digital wealth management platform that democratizes access to investments for Thai individuals.[1][3] Its mission centers on enhancing financial literacy, providing unbiased expert-led advice, and curating top investment opportunities through tools like the Finnomena Port platform, which offers mutual funds, tailored portfolios, peer-to-peer debenture crowdfunding via Siam Validus, and AI-enhanced advisory services, managing over US$1 billion in assets under advisory for more than 700,000 users.[1][3] Backed by investors including Openspace Ventures, Krungsri Finnovate, and Government Savings Bank, Finnomena combines AI with human expertise to scale personalized wealth creation, positioning itself as a trailblazer in Thailand's wealth management sector.[3]
The platform serves retail investors seeking optimal financial planning, solving pain points like limited access to diverse assets (e.g., 1,800+ mutual funds), time-sensitive market information, and personalized strategies amid low financial literacy in Thailand.[1][3] Growth momentum is strong, with recent deployment of Google Cloud's agentic AI in March 2025 to handle expanding user demands, enabling plans to double the investor base and significantly grow assets under management.[3]
Finnomena was founded in 2016 in Thailand by a team including Chief Strategy Officer and Co-Founder Kasin Suthammanas, emerging as a response to gaps in accessible, tech-driven wealth management for everyday Thais.[1][3] The idea stemmed from a commitment to boost financial literacy and deliver tailored advisory services in a market traditionally dominated by less innovative players, quickly establishing the company as an industry leader through its comprehensive platform.[1] Early traction came from innovative offerings like mutual fund tools and partnerships, evolving to incorporate AI-human hybrid models and alternative investments, backed by strategic investors that fueled rapid scaling to 700,000+ users and $1B+ AUA.[3] Pivotal moments include the 2025 Google Cloud AI deployment, which addressed labor-intensive market communication challenges and positioned Finnomena for broader expansion.[3]
(Note: A separate, unrelated Bangalore-based fintech named Finomena, founded in 2015 by Riddhi and Abhishek, focused on small-ticket loans using alternate data; it appears distinct and inactive in recent records.[2])
Finnomena rides the wave of AI-driven fintech democratization in Southeast Asia, where rising digital adoption and demand for personalized wealth tools intersect with Thailand's growing middle class and low financial literacy rates.[3][4] Timing is ideal amid post-pandemic investment booms and regulatory support for digital finance, with market forces like expanding mutual fund access (1,800+ options) and alternative assets favoring scalable platforms over traditional advisors.[1][3] It influences the ecosystem by boosting investor education, partnering with banks and SMEs, and pioneering AI for market insights, helping lead one million Thais to financial success while inspiring regional fintech innovation.[1][3][4]
Finnomena's next phase involves leveraging its new AI infrastructure to expand beyond 1,800 mutual funds, double its user base, and surge AUA growth, potentially dominating Thailand's digital wealth space.[3] Trends like agentic AI adoption, diversified asset classes, and deeper SME financing will shape its path, amplifying influence through more partnerships and literacy programs. As a trailblazer redefining wealth creation, Finnomena is primed to solidify its leadership, empowering Thai investors amid fintech's explosive evolution.[1][3]
Key people at Finomena.
