Page 39 - The 10 Most Innovative Startups in Travel 2019
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Exchange Services.                   as they searched online for a        Thomas Cook, Muthoot Forex,
        In 2012 he took in-charge of Finex   forex solution. Our traffic grew     UAE Exchange, Cox & Kings and
                                                                                  Orient Exchange.
                                             organically, and we could reduce
        Forex & Equity Services Pvt Ltd      our marketing expenditure
        as Managing Director at the Age      significantly.                       • More than 6500+ forex stores
        of 30. As a Full Fledged Money                                            spread across many major cities
        Changer, he used to Buy and Sell     ExTravelMoney saw a growth of        and towns in India.
        foreign currencies, Travel Cards &   nearly 300% in visitors as people    • More than 1 lakh customers
        serving money transfer customers.    were searching for legitimate        served till date
        In 2015, he founded Extravelmoney    ways to buy foreign currencies       Awards
        Technosol Pvt Ltd as an innovative   online. The demonetization
        technology start-up in the fintech   drive also curbed unauthorized       • Selected for NASSCOM 10K
        space to completely transform the    foreign exchange activities and      StartUp programme – 2016
        way Indians do foreign exchange      brought in more forex transactions   • Finalists of India FinTech
        transactions.                        under legal purview, benefitting     Awards, 2016
        ExTravelMoney Initial Struggles      ExTravelMoney.

        A problem that we faced during the   ExTravelMoney’s Journey Till         • Winner, “IT Startup of the Year”
                                                                                  category, KMA-NASSCOM IT
                                             Date
        initial days of launching our startup                                     Awards 2017
        was people were not aware of our     Milestones
        online platform to compare and       • ExTravelMoney launched with        • Winner “Best Emerging Startup
        buy forex services.                  3 money changers on board and        in Kerala” by Project Management
        The demonetisation drive helped      2000+ forex stores in 2015           Institute of Kerala (PMI Kerala) –
                                                                                  2018
        a lot in this regard as it curbed    • Currently signed up with more
        the forex black market and more      than 25 money changers including
        people discovered ExTravelMoney
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