Frequently Asked Questions
Who we are, how we make money, and what happens to your data. Straight answers, no small print.
What is SkyloFin?
SkyloFin is two things. A website where you can look up credit cards, loans, savings and demat accounts and work out what they cost using our calculators. And an Android app that reads your bank's SMS alerts on your own phone to track your spending, without that data ever reaching us.
Who is behind SkyloFin?
SkyloFin is a product of Skylo Digital, a proprietorship registered in India under MSME Udyam UDYAM-MH-23-0433200. It was founded by Akash Wagh, a full-stack developer, in 2026. Skylo Digital builds privacy-first software, and SkyloFin is its first consumer product.
Is SkyloFin a registered company?
Skylo Digital, the company behind SkyloFin, is registered as an MSME under Udyam number UDYAM-MH-23-0433200. A trademark application for the SkyloFin name has been filed with the Indian trade marks registry and is awaiting examination. We say applied for, not registered, because that is the current status.
Can I trust SkyloFin with my money?
We never touch your money. SkyloFin does not hold accounts, move funds or take payments. The website shows you products and sends you to the bank to apply. The app reads your bank SMS on your own phone and keeps every transaction there or in your own Google Drive, never on our servers. What we earn is a referral fee from the bank when you apply through us, and we say so on every product page.
How does SkyloFin make money?
When you apply for a product through one of our links, the bank or lender pays us a referral fee. You pay nothing extra, and the rate you get is the same as going direct. We do not sell your data, and we do not take payment to rank one product above another.
How do I contact SkyloFin?
Email support@skylofin.com. It reaches the founder directly, and every message gets a reply. There is no call centre and no chatbot.
Is the app free?
Yes, and there is no advertising in it. We earn a referral fee when somebody chooses to apply for a card, loan or account through us. You pay nothing extra, and the rate you get is the same as going direct.
What data do you actually store?
Your name and email address, so you can sign in. If you choose to add a mobile number, it is stored encrypted on our server. It is optional, and the app works without it. We do not store your bank details, card numbers or transactions.
Where does the app keep my transactions?
On your phone, in an encrypted database, and in a backup on your own Google Drive that only the app can read. Bank messages are read on the device itself. None of it is sent to us, which also means we cannot recover it for you if you lose the phone and have no backup.
Do you sell my data?
No. We earn from referral fees when you apply for a product through us. Your data is not part of that, and we do not sell or share it with advertisers or data brokers.
Does the app read my personal messages?
No. Messages are filtered by sender before anything is read, so only bank and payment alerts are opened. A message from a person is never looked at, and no message text is ever sent anywhere.
A payment is missing from my transactions. Why?
Every bank writes its alerts differently, and there are more than a hundred banks in India. The app reads the formats it knows, and a wording it has not seen before is skipped rather than guessed at.
If a payment is missing, send us that message from More, then Help and Support, then Report a missing transaction. We add support for that format, and it then works for you and for everyone else on that bank.
Are the calculators accurate?
The arithmetic is standard and exact. EMI, compound interest and amortisation all use the same formulas your lender does. What they cannot know is your lender's rounding, fees or the rate you personally qualify for, so treat the output as a close estimate rather than a quotation.
