India Deal Monitor: Fintso raises $2.6m from angels and more updates

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.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
FintsoMumbai2.6 million-Rajeev Juneja, Pratul Shroff, Dilip Khandelwal-Financial Services
SmartCoinBengaluru7 millionSeries ALGT Lightstone AspadaUnicorn India Ventures, Accion Venture LabFinancial Services
KhataBookBengaluru--Mahendra Singh Dhoni-Financial Services
DesignXNoida200,000SeedModulor Capital -Software
The Indus ValleyChennai337,837BridgeThe Chennai Angels (Chandu Nair, CK Ranganathan, V Shankar, Sathish Kumar, Lakshmi Narayanan)-Consumer Goods
Paytm EntertainmentNoida6.6 million-One97 Communications-Entertainment

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.

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.