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Fisdom raises $7 million contemporary funds in a funding spherical led by fee platform PayU – Enterprise Information , Firstpost

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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 expertise platform PayU. The spherical additionally noticed participation from current traders, Quona Capital and Saama Capital. The funding will likely be used for brand new product growth and buyer acquisition. Fisdom can even take a look at completely different enterprise acquisition alternatives. PayU had acquired a stake in Fisdom after injecting $5 million into the platform within the yr 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 several 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 purchasers embody Indian Financial institution, Google Pay, and SBM Financial institution.

Anirban Mukherjee, the CEO of PayU India, stated, “Fisdom has grown into a number one digital wealth administration platform and has created a requirement for its providers out there. We’re very excited to proceed to again Fisdom to assist gasoline 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.”

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