Fintech platform AssetPlus raised $3.6 million in a funding spherical led by Bhupinder Singh of InCred and Nithin Kamath of Rainmatter. The spherical additionally noticed participation from Venture Catalysts, Swaroop Kittu Kolluri, Amit Nanavati, Kedar Kulkarni, and different angel traders.
Launched in 2018, the Chennai-headquartered fintech goals to utilise the funds to broaden its enterprise and embrace extra monetary merchandise on the platform.
AssetPlus was based by two IIT-Madras graduates, Awanish Raj and Vishranth Suresh, and focuses on providing digital-first options to monetary advisors and mutual fund distributors.
The firm goals to streamline the processes of investing in mutual funds by providing a platform with a plethora of options, together with multi-portfolio help, unbiased analysis, digital advertising functionalities, and extra. By reinventing the normal method to dealing with a number of purchasers, the AssetPlus presents a cost-free lifetime registration to all registered ARN-holders to broaden their companies to geographies with a single dashboard.
Awanish Raj, co-founder, AssetPlus, stated: “Undoubtedly, we have built a community of users who use the platform every day. Now that we have seen the success of our platform, we are eager to roll out new financial products. We’ll be focusing on product development over the next few years.”
The platform is utilized by 1,500 plus distributors who’ve onboarded over 2,25,000 customers and over Rs 750 crore value of transactions had been processed over the last monetary 12 months alone. With this spherical of funding, AssetPlus goals to empower over 10,000 distributors and 5,00,000 traders within the subsequent 18 months and supply entry to all monetary merchandise on a single platform.
Source: www.financialexpress.com”