ETtechWealth-tech startup Fisdom has raised $7 million in funding led by payment technology firm PayU along with participation from its existing investors Quona Capital and Saama Capital.
Last year, PayU had acquired a minority stake in Fisdom after pumping $5 million into the platform.
The startup caters to investors looking to invest in financial products including mutual funds, insurance, pension funds, digital gold, and helps them make informed decisions. Its clients include Indian Bank, Google Pay, and SBM Bank.
“Fisdom has grown into a leading digital wealth management platform and has created a demand for its services in the market. We are very excited to continue to back Fisdom to help fuel its continued growth in the wealth-tech segment and further expand its product portfolio,” Anirban Mukherjee, CEO of PayU India, said. “With this investment, PayU is one step closer to offering payments, lending, and wealth-tech services in a single stack.”
Last year, PayU had acquired a minority stake in Fisdom after pumping $5 million into the platform.
The fresh fundraising will be deployed to develop new products and acquire customers and businesses that would add to its product portfolio, the company said.
The startup caters to investors looking to invest in financial products including mutual funds, insurance, pension funds, digital gold, and helps them make informed decisions. Its clients include Indian Bank, Google Pay, and SBM Bank.
“Fisdom has grown into a leading digital wealth management platform and has created a demand for its services in the market. We are very excited to continue to back Fisdom to help fuel its continued growth in the wealth-tech segment and further expand its product portfolio,” Anirban Mukherjee, CEO of PayU India, said. “With this investment, PayU is one step closer to offering payments, lending, and wealth-tech services in a single stack.”
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