Tag: Mr. Samant Sikka

News

Ahead of the last date to file ITR, Sqrrl Fintech partners with Tax Filing Platform Quicko to facilitate ITR filing

Dec 26, 2020 by Rekha Nair 0 Comments #co-Founder, #Founder, #Mr. Samant Sikka, #Quicko, #Sqrrl, #Vishvajit Sonagara

Gurugram: Gurugram based, savings and investment platform ‘Sqrrl’ has collaborated with leading tax planning and return filing platform ‘Quicko’ to facilitate the process of Income Tax Return filing for 14.6 million users. As the last date of filing ITR is approaching, many professionals will rush to chartered accountants to help them out with lengthy and complicated tax filing processes. As a ‘Do It Yourself (DIY)’ financial planning platform, Sqrrl saw the growing need of consumers in the market looking for a simpler alternative to the otherwise tedious process of tax filing and decided to join hands with Quicko for a seamless platform to assist millions of customers.

By partnering with Quicko, Sqrrl has simplified not only the basic salaried ITR filing process, but also the more complex ones like filing of capital gains tax. Mutual fund investors are often puzzled when it comes to computing and filing capital gains tax. With Sqrrl now, investors can seamlessly file their capital gains taxes as well as their basic salaried ITR. The ITR filing service is a part of their membership called Sqrrl Prime which offers free investing, filing ITR, getting accidental coverage and much more.

Historic data shows that the number of people filing taxes in India is lesser than expected. In fact, over the recent times the government of India has been actively working to increase the tax base of the country. By offering the tax e-filing feature, we aspire to de-complicate and simplify the tax filing processes so that more and more people can file their taxes conveniently.

Under this association, people can log on to https://sqrrl.quicko.com/ to file tax from a wide range of tax filing plans depending on their needs. Individuals can choose the most basic “Do It Yourself” tax filing plan, wherein, for eg. salaried individuals just have to upload their Form no. 16. Once uploaded, all the required data would be extracted from their Form no. 16 and is used in furthering the process. Soon after confirming that all the details are correct, the candidate will be redirected to Quicko. For complicated business-related filing, users can also opt for CA assisted plans.

Commenting on the partnership, Mr. Samant Sikka, Co-Founder, Sqrrl said, “This partnership with Quicko will especially be useful for those mutual fund investors who often get confused while computing and filing capital gains tax. We have specifically curated an option for mutual fund investors to file the capital gains statement which will be of great help for regular investors in the market. The aim of this association is to make the tax filing process as seamless as saving and investing, on the platform.”

Vishvajit Sonagara, Founder, Quicko said, “We are glad to partner with Sqrrl to extend the ease of filing ITR through our platform. Tax filing is often considered as a tedious process, through our partnership we wish to simplify the process of tax filing for the larger group.”

The app is available on both Android and Apple. Existing Sqrrl users can avail additional benefits through Sqrrl Prime subscription.

Business World

Sqrrl partners with ICICI Bank for its millennial banking programme, ‘Mine’

Nov 26, 2020 by Gouri Achary 0 Comments #ICICI Bank, #ICICI Bank Mine, #Mr. Samant Sikka, #Mr. Sudipta Roy, #Sqrrl

Sqrrl, a savings and investment app, has partnered with ICICI Bank to provide goal-based investments platform for ‘ICICI Bank Mine’, the country’s first comprehensive banking programme for millennial customers.

Under this partnership, the investment platform of Sqrrl is integrated with ICICI Bank’s mobile app, ‘iMobile’. With this, the millennial customers of the Bank gain seamless access to various goal-based investment offerings by Sqrrl, from within the ‘iMobile’ app itself. Sqrrl’s expertise lies in providing the most suitable mutual funds options based on the goal amount and duration. Sqrrl’s mutual fund investing platform is one of the few online mutual fund investment apps that has built onboarding, transaction processing, recommendation engine and payments integrations, all in-house.

Commenting on the launch, Mr. Samant Sikka, Founder, Sqrrl said, “Our focus to offer smooth investment experience to the millennial customers made Sqrrl an ideal first platform partner for ‘ICICI Bank Mine’. We believe that goal-based investing is the first step for young Indians to enter into the world of mutual fund investments. Through the Bank’s iMobile app, we will help customers make their investments with clear defined goals. Partnering with India’s most trusted bank, ICICI Bank, for our first venture into the B2B space is a big testament to our innovative product thinking and execution capabilities.”

Mr. Sudipta Roy, Head- unsecured Assets, ICICI Bank said in a statement, “Our newly launched millennial banking stack, ‘ICICI Bank Mine’ adopts a platform approach where fintechs can integrate to offer financial solutions for millennial customers. Sqrrl is the first partner to integrate with the stack. We are delighted to have them on board. The integration of Sqrrl’s investment platform with our mobile application, iMobile, enables millennial customers to invest easily and save for their goals in a simple, tech-savvy way, from within iMobile itself.”

Sqrrl has been working for over four years to offer a simple yet ingenious platform suited for young investors to embark on their respective financial journeys. Its focus has been to drive young investors to choose on the basis of their life goals instead of the market trends. Sqrrl’s platform is a full-stack offering person less-paperless onboarding, payments, recommendation engine which has been built modular to offer a plug and play experience for B-B-C integrations, making it an ideal enterprise fintech partner for banks, NBFCs and other platforms who may want to expand the scope of their offering by enabling cutting edge savings and investments solutions to the new age digital customers. This is their first big partnership with the ICICI Bank to have gone live and there are few more which are under integration and should be going live shortly.