India: Fintech startup Fisdom raises $500k from angel investors

By Bhawna Gupta

January 21, 2016

Bangalore-based Fisdom, a personal finance app, has raised $500,000 (around 3.4 crore) in seed funding from a group of angel investors, The Economic Times reported.

Taxiforsure co-founders Raghunandan G and Aprameya Radhakrishna, and CommonFloor co-founder Sumit Jain are the investors who participated in the round.

Run by Finwizard Technology Pvt Ltd, Fisdom was founded by Subramanya SV, Ramganesh Iyer and Anand Iyer.

Prior to starting this startup, SV was the former director of Bessemer Venture Partners, Iyer was an investment manager with Peepul Capital Advisors and Dalmia was with Macquarie Capital India.

The fintech startup plans to use the money for hiring more people and build new products.

Fisdom is an advisory and transaction platform helping people to manage their money. Initially started with mutual funds, it plans to add more products over a period of time. Currently employs around 12 people, the company targets around 5,000 investing customers by 2016 end.

Also Read India 2015: A record year for fintech with $1.2b funding & 174 new company launches
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW