In this post, we examine Fello App, a game-based savings platform merging traditional savings with gaming elements.
Explore its features, offerings, and potential red and green flags for financial enthusiasts.
What is the Fello App?
The Fello App claims to be a game-based saving platform. Users can also diversify their investment portfolio by investing in digital gold through the Fello App.
The Fello App can be downloaded from the respective app stores.
It was founded by Shourya Lala and Manish Maryada. Fello claims to have secured INR 4 million USD in funding from prominent investors.
Every Rs. 500 saved earns users a weekly ticket, presenting opportunities to win attractive rewards and adding an element of excitement to regular savings.
Milestones, referrals, and weekly achievements unlock scratch cards with various rewards.
Fello App offers an exclusive P2P investment opportunity, Fello Flo, in partnership with LendBox. With potential returns of up to 12% per year.
According to SimilarWeb, the site has attracted around 23K visitors as of December 2023.
Read: Frizza App Review
|Gold Investment, Saving and Earning
|Domain registration date
|26 September 2020
Fello App Review
Here are several negative aspects of the Fello app:
- The Fello App involves investment, and users should exercise caution.
- The app’s promise of up to 12% returns may raise skepticism due to the potential for unrealistic gains.
- Investing in digital gold may pose trust issues, given the lack of clarity on its reliability.
- Limited popularity or user reviews could indicate a lack of widespread trust and usage.
Here are several positive aspects of the Fello app:
- Information about founders is available, enhancing credibility.
- Its well-designed website reflects professionalism.
While the Fello App brings innovation to the traditional savings model, caution is advised considering the history of other online investment platforms.
Users should thoroughly research and consider the risks before engaging in such platforms.
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