Finchampz Advisory: Navigating NBFC's/Fintech's Challenges with Unparalleled Expertise

The financial advisory industry, especially for Non-Banking Financial Companies and startups, are overwhelmed with severe regulatory issues and operation complexities. The ever-changing RBI compliance requirement and the constant update process leave many firms in a knowledge gap and challenging to keep fully compliant. Further, operational challenges such as reconciliation in consortium partnerships, collection, and inability to choose LOS and LMS well, often affect NBFCs. These challenges, along with the need for transparent financial practices and a robust IT system, demand specialized expertise to streamline workflows and ensure regulatory compliance. This becomes even more crucial as the industry grows in tandem with India's expanding economy.

Finchampz Advisory, founded by Vishal Singhania and Pankaj Garg, both qualified Chartered Accountants in 2018, helps overcome these challenges by providing a comprehensive end to end financial advisory solutions to NBFCs, startups and corporates. With a staff of more than 40 professionals ranging from chartered accountants, IT generalists and MBA graduates, the firm offers everything from compliance management and fundraising to IT implementation and process optimisation. With a presence in India and Dubai, Finchampz Advisory aims to be a 360-degree financial advisor that supports clients in overcoming regulatory and operational obstacles. By combining transparency and expertise, the firm makes it easier for clients to thrive in a cut-throat environment.

Devising One-Stop Solution

Finchampz Advisory has evolved from a niche NBFC consultancy to 360-degree financial advisory firm. Originally centered on NBFCs, the firm took advantage of the regulatory complexity of the sector and the need for compliance expertise. Under RBI’s tight post-2014 rules, NBFCs could not navigate filings, policies, and penalties alone. Finchampz Advisory managed this vacuum by providing end to end solutions from setup, compliance, treasurer, fundraising and IT Implementation and structured itself managing over 35 NBFCs across India and subsequently entering Dubai. Its early success was due to the founders’ NBFC experience and a transparent client-focused approach, establishing a brand through referrals without an excessive marketing strategy.

The primary reason for our success so far has been the transparency we maintain within our team, with each other, and with our clients

CA Vishal Singhania, Co- founders

The evolution of the firm is an indication of India’s economic growth and its fintech boom. Finchampz Advisory helps startups and corporates, raising funds, SME IPOs, investment banking, and valuations. It tackles NBFC issues such as reconciliation in consortium lending, LOS/LMS execution and partners with IT experts with the aim of simplifying activities. Its market demand is influenced by regulatory changes, financial inclusion, and funding needs of startup ecosystem. The 40 plus team size comprising chartered accountants, IT experts, and MBAs in Finchampz Advisory's team offer full support, and therefore customers only focus on the growth while the firm manages the compliance & stickiness.

Finchampz Advisory offers a distinctive holistic service but differs from competitors limiting themselves to compliance or IT expertise. Its collaborative culture without a strict hierarchy promotes innovations and learning, viewing mistakes as growth opportunities. The open nature of the firm’s internal and client transactions creates trust, which guarantees long-term relationships. Finchampz Advisory is seen by clients as an extension of their team 24/7, delivering quality without taking shortcuts.

From Passion to Purpose

Two NBFC veterans Vishal Singhania and Pankaj Garg, with a shared passion, decided to start their own consultancy and started Finchampz Advisory. They saw a gap in the market for specialized NBFC support and registered their domain with big dreams. By 2018, they were officially in business, drawing on their deep industry experience to help clients navigate the tricky world of non-banking financial companies, Fintech and Startups..

Both the co-founders leveraged their know-how to guide clients, without chasing quick bucks. Due to its competency, Finchampz Advisory has been growing its clientele solely with word of mouth. Starting with just a couple of NBFCs, the firm has soon built a roster covering everything from personal loans to housing and business financing. With transparency and a robust team of seasoned professionals, the co-founders have meticulously created a vibe where everyone, from new hires to top pros, works together cohesively with utmost due diligence. “The primary reason for our success so far has been the transparency we maintain within our team, with each other, and with our clients. This is a crucial factor, as without transparency, no matter what actions or processes your company undertakes, it’s difficult to feel genuinely confident and fulfilled”, signifies CA Vishal Singhania, Co-Founder, Finchampz Advisory.

For Finchampz Advisory, the real joy comes from seeing its clients succeed, knowing their growth fuels Finchampz Advisory's own. Looking back, the co-founders are proud of aiding NBFCs to succeed in a tricky market while keeping things real. “It hasn’t been a smooth ride, but we've stuck to our guns, no shortcuts, just hard work”, says CA Pankaj Garg, Co- Founder, Finchampz Advisory. For them, this is just the start, with plenty more to achieve down the road. As India’s NBFC and fintech scenes take off, they’re ready to soar alongside, chasing bigger goals.

Strategic Moves, Strong Roots

Going forward, Finchampz Advisory is gearing up for an exciting future. After nearly ten years of building a solid reputation, they’re ready to take on new opportunities in India’s fast-changing financial world. The firm’s plan is focused on branching out, embracing technology, and sticking to their promise of top-notch service, making them a go-to for NBFCs and FinTech companies.

One big step is diving into SME IPO advisory. With the burgeoning Indian stock market, the firm is helping small and medium businesses navigate the IPO process. They’re also growing their investment banking services and offering business valuations, now that they’re registered with the Insolvency and Bankruptcy Board of India (IBBI). These moves have enabled the firm to offer a wider range of financial support, from raising funds to valuing companies.

From the get-go, Finchampz Advisory is focused on helping NBFCs, Fintechs, Startups to upgrade their systems, especially as smaller companies grow into bigger ones. The firm maintains operational bases across India and in Dubai which ensures its well-positioned for expansion. Furthermore, it stands for honest communication with clients as they strive to establish mutual trust while pursuing proper procedures, wherein, clients are also selected strategically to maintain optimal quality service delivery standards. The firm has strongly prepared itself to set trends and benchmarks in India's expanding NBFC and FinTech sectors while supporting future economic performance in the nation in the coming decade.