KOFFi Introduces India’s First Business Fund Parking Platform – Empowering Companies to Earn 7-8% on Idle Balances
Across India, countless businesses face a common problem, their cash lies inactive in banks between payroll cycles, tax deadlines, or vendor payments. These short-term idle funds often go to waste. KOFFi, a Pune-based fintech startup founded in 2023, was created to tackle exactly this issue.
After spending two decades in Silicon Valley’s fintech sector, Prajwal Manalwar returned to India and quickly spotted a gap. Large corporations actively optimise short-term funds, but most Indian SMBs leave their money stagnant in current accounts, generating little to no returns. Prajwal identified an opportunity to deliver institutional-quality fund parking solutions in a simple, accessible format for Indian businesses.
KOFFi is a SEBI-registered platform that allows businesses to seamlessly park idle funds with partner Tata AMC via the secure BSE network. The solution provides carefully selected, low-risk fixed-income mutual funds that primarily invest in short-term government bonds and top-rated corporate securities. Even with funds parked for only a few days, companies can earn 7-8% annually, with next-day (T+1) liquidity ensuring easy withdrawals whenever required. (Check their Returns Calculator).
“Business cash should generate growth, not sit idle in banks. That’s the purpose behind KOFFi,” says Founder & CEO, Prajwal Manalwar.
Leveraging his decade-long product leadership experience at PayPal, Prajwal designed the platform to precisely address fund-parking needs. KOFFi integrates AI-powered fund suggestions, ongoing monitoring, and intelligent fund-switching to boost returns according to market changes. Its goal-oriented parking system helps firms align surplus funds with business objectives. Withdrawals can be pre-scheduled for payroll or vendor timelines, and multiple team members can securely collaborate on the platform, streamlining financial management.
“There’s over ₹25 lakh crore locked in current accounts and low-return FDs. It surprises me that many Indian businesses still stick with outdated banking methods. KOFFi aims to transform this landscape,” Prajwal comments.
The platform already caters to notable enterprises across India. For example, one Pune-based IT company allocates ₹50 lakh in payroll funds for three weeks monthly, effortlessly earning nearly ₹6 lakh annually.
Looking ahead, KOFFi plans to expand integrations with payroll and banking systems, enabling even smoother withdrawals and fund transfers. Additionally, the team is developing advanced analytics to help CFOs predict idle cash more accurately and unlock higher returns.
Discover more at: www.koffi.com
