Riovic, which is a virtual financial advice service in South Africa, will – according to the startup – change financial services forever in South Africa.
According to founder Naledi Mokoena: “The startup can be referred to as the Uber of Finance as it connects users with financial advisors and accurate financial information in real time.”
Mokoena, who is 23 years old and from Johannesburg founded the startup in January 2015. Naledi is a University of Pretoria Financial Management graduate.
According to Mokoena, her inspiration from what she calls a “value gap” between consumers and their financial institution.
“Consumers cannot get financial advice when then need it where they need”, Mokoena said. The goal is to make proper financial advice more readily available for everyone, which will reduce the number of bad financial decisions people take.
Riovic implements the internet of everything in finance. The powers of screen sharing, video conferencing, instant messaging and other technologies are utilised to make remote financial advice and monitoring a reality. The company’s target is mainly consumers interested in investments and insurance and businesses exploring financing options.
According to Mokoena Riovic features the following:
– Enquiry Submission
– 24/7 Support
– Financial Advisor Request
– Solution and Topic Search
– Virtual Financial Advice
Mokoena stated that: “Riovic is available on Google Play Store for free. The service is also accessible through the webapp for every internet accessing device for free. There are three membership levels, one free and two paying monthly and members access services according to their level.”