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Home Gadgets PayU leads $7 million funding in wealth-tech startup Fisdom

PayU leads $7 million funding in wealth-tech startup Fisdom


(This story initially appeared in on Dec 03, 2020)

Wealth-tech startup Fisdom has raised $7 million in new funding from current investors led by PayU, the funds and fintech unit of Prosus Ventures. Its current buyers Sama Capital and Quona Capital have additionally participated on this funding spherical, the corporate stated.

Subramanya SV, co-founder and CEO, Fisdom, stated the brand new capital can be used for acquisitions and to widen its vary of merchandise. Began in 2015, Fisdom affords investments in mutual funds, digital gold, time period insurance coverage. In 2019, it had raised round $11 million from the identical set of buyers.

Through the pandemic, Fisdom stated it has seen greater than 80% progress in its property below administration. “The most recent funding will permit us to innovate and supply a holistic expertise to our clients throughout investments, financial savings and safety. We’re additionally seeking to deepen our engagement with our companions, which incorporates a number of main banks and digital platforms,” stated Subramanya.

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