Finvasia unveils AI-powered app

Finvasia, a Mohali-based technology innovator, has launched Jumpp — India’s first AI-powered financial superapp — in partnership with YES Bank. The app integrates banking, savings, payments, investments, and credit into a single platform, making financial management more accessible and efficient for users.

Punjab is rapidly adopting digital finance, with Chandigarh leading in per capita digital payment transactions, averaging 38 per person. The state has seen a sharp rise in UPI-enabled credit card usage, with people making 40 transactions and spending Rs 40,000 monthly. Government initiatives such as financial literacy camps and Digital Banking Units are further accelerating this shift, especially in smaller towns and rural areas. Credit card spending in tier 2 and tier 3 cities surged by 175% between 2019 and 2024, reflecting the growing digital finance adoption.

Jumpp is designed to empower users by helping them track spending, manage credit, and optimise savings through AI-driven insights that analyse income patterns and financial behaviours. The platform’s voice and text interaction features make it easy for users to make smarter financial decisions.

The app is currently available by invite only, allowing Finvasia to refine its AI capabilities before a full-scale rollout. Jumpp aims to onboard 1 million users by January 2026, with a focus on expanding beyond major cities such as Ludhiana, Amritsar, and Patiala into underserved regions like Bathinda, Moga, and Pathankot. This expansion aligns with Finvasia’s mission to boost financial inclusion and cater to the needs of both urban and rural populations.

According to Sarvjeet Singh Virk, co-founder and CEO of Jumpp, “Punjab’s growing digital adoption and entrepreneurial spirit make it an important market for us. Our goal is to bridge financial gaps and empower users to take control of their finances with ease.”

With its innovative features and commitment to financial inclusion, Jumpp is set to revolutionise the way Punjab manages its finances.