Wealth management platform Fintso has raised $2.6 million funding from a clutch of individual angel investors, including Rajeev Juneja (CEO of Mankind Pharma), Pratul Shroff (founder of Infochips) and Dilip Khandelwal (MD and head of technology, Asia Pacific, Deutsche Bank) among others.
The startup said it will use the capital to build a state-of-the-art platform that will help independent financial advisors nurture client relationships, enable seamless operations, and help them enhance productivity. Besides, it will also use the capital to strengthen operations and servicing teams to offer real-time support to their audience.
Fintso is a three-month-old fintech startup, founded by wealth management industry veterans, George Mitra and Rajan Pathak. The platform aims at enabling digital players to become omni-channels by allowing them to showcase their products to a larger audience in an efficient manner.
“Independent financial entrepreneurs have long been the ‘bridge of trust’ for clients, not only existing but new savers. Providing solutions to this eco-system, to help them do more, and do better, for their clients, is the most effective way of addressing this large, yet highly fragmented, market. Using Fintech, to enhance and augment their offerings will ultimately help serve the individual investors address their needs more holistically,” Pathak said.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from March 15-17, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Fintso||Mumbai||2.6 million||-||Rajeev Juneja, Pratul Shroff, Dilip Khandelwal||-||Financial Services|
|SmartCoin||Bengaluru||7 million||Series A||LGT Lightstone Aspada||Unicorn India Ventures, Accion Venture Lab||Financial Services|
|KhataBook||Bengaluru||-||-||Mahendra Singh Dhoni||-||Financial Services|
|The Indus Valley||Chennai||337,837||Bridge||The Chennai Angels (Chandu Nair, CK Ranganathan, V Shankar, Sathish Kumar, Lakshmi Narayanan)||-||Consumer Goods|
|Paytm Entertainment||Noida||6.6 million||-||One97 Communications||-||Entertainment|