Financial products comparison service Fincheck has launched in South Africa, allowing users to compare 26 products from 106 financial institutions in order to find the most appropriate and affordable solutions.
The free-to-use Fincheck, which is modelled British price comparison service Moneysupermarket.com, provides transparent, impartial and accurate information on services on offer from various financial services institutions.
Products listed on the site range from loans, cheque accounts and debit cards all the way through to foreign exchange and unit trusts, with the number and range of products growing.
Chief executive officer (CEO) Michael Bowren said the startup was developed to make financial information easy to understand and different financial products on offer in the market easy to compare.
“Fincheck means that consumers no longer have to go to several websites to obtain information about the financial service or product they are looking for, where each website presents product information differently and in a way that is difficult to understand, never mind compare with another institutions’ products. Consumers can get everything they need from our portal to make a quick comparison which best suits their needs and pockets,” he said.
“We gather information from South African lenders, banks, unit trusts and other financial services partners and present it in a clear and uncomplicated format on Fincheck.co.za. No other South African website gathers as in depth information or works as closely with registered financial and accredited services partners.”
The service also provides educational resources to help consumers become more financially literate, including basic information tools, informative tips and a blog.