Fisdom raises $7 million contemporary funds in a funding spherical led by fee platform PayU
Wealth administration portal Fisdom plans to take a position contemporary funds into product growth and buyer and enterprise acquisition.
Wealth-tech startup Fisdom has raised $7 million in a contemporary spherical of funding led by fee know-how platform PayU. The spherical additionally noticed participation from current traders, Quona Capital and Saama Capital. The funding can be used for brand spanking new product growth and buyer acquisition. Fisdom may also take a look at totally different enterprise acquisition alternatives. PayU had acquired a stake in Fisdom after injecting $5 million into the platform within the 12 months 2019.
Based by Subramanya S V and Anand Dalmia, Fisdom is a wealth administration platform that gives options throughout financial savings, safety, and funding. The startup has already partnered with banks like Oriental Financial institution of Commerce, Financial institution of Baroda, Indian Financial institution, Karnataka Financial institution, Metropolis Union Financial institution, Bajaj Finserv, and a number of other extra. The startup caters to traders trying to put money into monetary merchandise together with mutual funds, insurance coverage, pension funds, digital gold, and helps them make knowledgeable selections. Its shoppers embody Indian Financial institution, Google Pay, and SBM Financial institution.
Anirban Mukherjee, the CEO of PayU India, mentioned, “Fisdom has grown into a number one digital wealth administration platform and has created a requirement for its providers available in the market. We’re very excited to proceed to again Fisdom to assist gas its continued development within the wealthtech phase and additional broaden its product portfolio. With this funding, PayU is one step nearer to providing funds, lending, and wealth-tech providers in a single stack.”
#PayU leads #investment in wealth-tech #startup #Fisdom. PayU India CEO mentioned, “Fisdom has grown into a number one digital wealth administration platform & we’re very excited to proceed to again Fisdom to assist gas its continued development.” #funding https://t.co/aK1nwaYmz7
— PayU India (@PayUindia) December 3, 2020
Congrats to Quona portfolio firm and monetary advisory platform @fisdomApp on elevating one other $7M in funding, led by #PayU! Quona is proud to proceed to help @Subramanya_SV and the Fisdom group.@PayUindia https://t.co/tPY0gVqdxJ
— Quona Capital (@QuonaCapital) December 3, 2020
Proud Second! Fisdom baggage $7 million led by @PayUindia together with participation from our current traders @QuonaCapital and @SaamaCapital. Learn extra about our distinctive milestone: https://t.co/m5hnX0Wyc5@Subramanya_SV @dalmia_anand https://t.co/RVYurbXwum
— fisdom (@fisdomApp) December 3, 2020
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