LB Finance comes onboard Fipbox platform to grow Fixed Deposit customer base

(From left to right):  Mr. Nuwantha Gunawardena, Brand Manager - LB Finance; Mr. Kalana Meneripitiya, Manager Strategy & Business Development – Fipbox; Mr. Marlon Perera, Senior DGM - Deposits - LB Finance; and Mr. Sudeep Perera, Head of Marketing LB Finance.

Fipbox, Sri Lanka's definitive and only marketplace for fixed deposits & rates comparison launched by Capital Alliance (CAL), recently entered into a partnership with LB Finance PLC, to provide verified Fixed Deposit rates directly from the company. As a trail-blazing finance company, LB Finance decided to partner Fipbox as it allows the finance company to expand the market to digital savvy customers. Fipbox facilitates fixed depositors and senior citizen to compare the best Fixed Deposit rates on one platform from anywhere, anytime.

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 3 short clicks. Investors who are interested in making a deposit can simply create a Fipbox account and fill a one-time form to invest at LB Finance through fipbox.com. 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 from 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, a highly reputed financial services group also holding a Primary Dealer in government securities. Ajith Fernando, Managing Director of CAL says, “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. We believe the common man should benefit from opportunities in the nation’s financial markets and Fipbox is one such instance of a centralized web platform that allows lay investors to view fixed deposits rates from various banks and financial institutions and to select the one that best suits their requirements. We are proud to welcome a financial institution of the caliber of LB Finance onboard Fipbox.”

Elaborating further, Deshan Pushparajah – Director, Fipbox adds, “Fixed deposits are a secure form of investment that offer guaranteed returns at interest rates higher than regular savings accounts, providing a nest egg for investors. However, it is important to shop for the best rates and terms to suit particular needs of each investor, which is why we launched Fipbox. 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. This partnership is crucial for investors because LB Finance is a preferred fixed deposit partner for investors, having built an unmatched reputation as one of Sri Lanka’s most trusted financial institutions. LB Finance has a total deposit base of over Rs. 60 bn, one of the largest in the Non Banking Financial Institutions (NBFI) sector.”

Commenting further, Mr. Marlon Perera - Senior DGM – Deposits at LB Finance said: “LB Finance has forged its way to the forefront of the industry by leveraging technology in a strategic manner to capitalize on digital channels and platforms that facilitate our customers and bring the company closer to customers. Customers today are demanding a personalized approach that is swift and addresses their needs directly. We are glad to join hands with Fipbox so that potential depositors can quickly access our Fixed Deposit rates at the click of a button. LB Finance is totally customer focused in its mission to serve the financial needs of our customers.”