Capital Alliance launches Fipbox to invest smarter on fixed deposits

Wednesday, 14 February 2018 00:00 -     - {{hitsCtrl.values.hits}}


  • Fipbox, Fintech company geared to provide convenience, accessibility, efficiency to the 
  • Sri Lankan community in financial space
  • CAL’s innovative app has all rates and options in one place to make an informed decision for a person through three clicks
  • Expects to introduce digital signatures and transfers to reach a broader customer base

 By Charumini de Silva

Leading investment banking firm, Capital Alliance (CAL) recently launched Fipbox — a centralised web application for investors searching for the highest returns on fixed deposits in a fast, easy and efficient single platform.

Fipbox (Pvt) Ltd, a fully-owned subsidiary of CAL, is an innovative fintech company geared to provide convenience, accessibility and efficiency to the Sri Lankan community in financial space.

CAL Group Managing Director Ajith Fernando said this innovation is yet another testimony of CAL’s commitment to deliver excellence in execution, world-class research and product innovation. 

“We have been a working for 17 years with banks, financial institutions and a lot of firms and we invested heavily on technology over the years. We now have the capability to use this technology to capitalise on the retail space with our partners that include banks and finance firms. We want to work towards a great retail partnership as we have done in the institutional space with the launch of Fipbox,” he added.

Fipbox is considered to be the fastest, easiest, most efficient and transparent investment tool accessible with a tap on your mobile.

Insisting to invest smarter in selected banks and finance institutions, CAL Partners Managing Director Deshan Pushparajah invited to open fixed deposit hassle free by using the Fipbox one-time form filling and start saving.  “We looked at the long, manual process an investor must undergo to make a fixed deposit and wondered why this cannot be improved or more specifically, as to why the entire process cannot take place online, thus making the entire transaction far more convenient for everyone,” he explained. According to him, Fipbox has all the rates and options in one place to make an informed decision and can take place through three clicks — firstly, to download the app, secondly to fill out the form and thirdly to make the transaction to complete the process.

Pushparajah said that, in the near future, they hope to have digital signatures and transfers as well to reach a broader customer base.

“Our intention is to help banks and finance companies to provide a better service for their customers. We want make this habit of saving compulsive,” he pointed out.

He also stressed that CAL intends to keep adding more features to improve the system and be able to create better service for consumers.

Pushparajah believes the launch of Fipbox would provide a mutually benefiting platform to CAL and its partners. As a reliable and trusted partner, this CAL initiated platform is a convenient approach that reduces the time spent on researching for fixed deposit rates. This is especially advantages for senior citizens and offers trustworthy and dependable information for investors who have just entered the market.

It was emphasised that Fipbox educates the community about investment best practices by sharing content on investment and money saving matters. 

Pix by Sameera Wijesinghe