LB Finance opts for Fipbox platform | Sunday Observer

LB Finance opts for Fipbox platform

LB Finance and CAL officials exchange the agreement
LB Finance and CAL officials exchange the agreement

Fipbox, a marketplace for fixed deposits and rates comparison launched by Capital Alliance (CAL), entered into a partnership with LB Finance PLC recently, to provide verified fixed deposit rates directly from the company.

LB Finance partnered with Fipbox as it allows the finance company to expand the market to digital savvy customers. Fipbox facilitates fixed depositors and senior citizens to compare the best Fixed Deposit rates on one platform from anywhere, anytime, a company spokesman said.

Fipbox is a totally free website which gives investors a dedicated Fipbox account to help shop for best fixed deposit rates and then manage your fixed deposits and invest in three short clicks.

Investors interested in making a deposit can simply create a Fipbox account and fill a one-time form to invest at LB Finance through Your Fixed Deposit application form - with duly filled Information - will be then directly sent to the Fixed Deposit Manager at LB Finance.

Next, a representative of LB Finance will reach out to you for verification and transfer of funds. Fipbox provides a central dashboard to manage all your deposits through one account.

Fipbox is a wholly-owned subsidiary of the Capital Alliance Group, which is also a Primary Dealer in government securities.

Managing Director of CAL, Ajith Fernando said, “As the preferred partner in financial markets, CAL is focused on setting new benchmarks to serve customers better. Our focus on harnessing fin-tech solutions has led us to introduce and pioneer several disruptive innovations to traditional finance products in the market.

“Our main aim is to simplify the act of investing and make it accessible to any and everyone while ensuring convenience, accessibility and efficiency,” he said.

Director, Fipbox, Deshan Pushparajah said, “This application makes it simple for public to open fixed deposits in a hassle-free manner by using the Fipbox one-time form filling and start saving. Fipbox has all the rates and options in one place to make an informed decision, while investing can then be done in three clicks.”

At the signing of the partnership agreement (from left): Brand Manager - LB Finance, Nuwantha Gunawardena, Manager Strategy and Business Development, Fipbox, Kalana Meneripitiya, Senior DGM, Deposits, LB Finance, Marlon Perera and Head of Marketing LB Finance, Sudeep Perera.