Question 1

What is NetWorth?

Accepted Answer

NetWorth is the difference between what you own (assets) and what you owe (liabilities). It's a key measure of your financial health and helps you plan for your future.

Question 2

Why is knowing my NetWorth important?

Accepted Answer

Knowing your NetWorth empowers you to take control of your finances, make informed decisions, and gain peace of mind about your financial future.

Question 3

How does FOLO fetch financial data?

Accepted Answer

FOLO securely connects to your bank and investment accounts via Account Aggregation APIs and direct integrations with Data Custodians as a Financial Information User (FIU) on explicit user consent. This encrypted process fetches real-time financial data, ensuring accuracy and reliability.

Question 4

Is my data safe with FOLO?

Accepted Answer

Absolutely. FOLO employs end-to-end encryption, secure APIs, and multi-factor authentication, adhering to industry-best practices to ensure your financial data remains private and secure. As a SEBI-regulated entity, we adhere to stringent regulatory standards and best practices.

Question 5

Will I be charged for using FOLO?

Accepted Answer

FOLO does not charge its users. Our goal is to make financial tools that help you appreciate your NetWorth.

Question 6

Can I share my NetWorth with others?

Accepted Answer

Yes. FOLO allows you to share access with up to 4 trusted individuals — spouse, parent, financial planner, CA. You decide what to share and can revoke access anytime. No one ever sees a bank login.

CDSL