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