Mumbai App Helps 60,000 Families Organize Their Finances

When Munmun Desai's cousin brother died suddenly in 2022, her family turned to her for answers about his finances. Despite 18 years working as a financial expert, she found herself digging through scattered bank accounts, forgotten insurance policies, and documents buried across emails.

If someone like her felt lost, what happens to families without financial expertise? That question wouldn't leave Munmun alone.

She started offering free financial awareness sessions, initially thinking this was a problem women faced. Within months, she realized the truth cut deeper. Families across India, regardless of education or income, were unprepared for life's toughest moments.

In 2024, Munmun left her role as managing director at a financial firm to launch FOLO (Family of Loved Ones) with co-founder Vishal Purohit. The Mumbai-based app does something simple but powerful: it pulls together every piece of a person's financial life into one secure place.

FOLO connects to over 350 financial institutions with a user's consent, gathering information about bank accounts, investments, loans, and policies. Everything appears in one consolidated view, showing families exactly what they own and what they owe.

The app automatically updates as finances change, removing the burden of manual tracking. Security protections include end-to-end encryption and multi-factor authentication, ensuring sensitive information stays protected.

But the real power isn't in the technology. It's in what happens when families can actually see their complete financial picture together, before confusion and grief compound each other.

India holds massive volumes of unclaimed financial assets, not because families don't care, but because they don't know what exists. Insurance policies sit forgotten. Bank accounts remain untouched. Small documentation mismatches lock families out of investments that belong to them.

Why This Inspires

FOLO transforms how Indian families think about preparedness. The app turns a painful conversation into a practical one, replacing silence with shared understanding. Munmun's sister Meetu Sharma remembers watching her shift during their family's grief: "She didn't just focus on the pain of our family, but on all the families who must be going through the same."

The platform has already helped 60,000 families move from uncertainty to clarity. Users no longer wonder how many accounts their parents hold or where their spouse keeps important documents. They know, and more importantly, their loved ones know too.

What started from one family's loss has become a lifeline for thousands, proving that financial preparedness doesn't have to wait for someday.